Gleiss Lutz advised the Finnish chemicals company Kemira on the implementation of an extensive restructuring project.
The realignment of the organisational and sales structures throughout Europe under the name “New Business Model” involved, among other things, separating the “Production” and “Sales & Applications” business divisions and realigning the structures of the intra-group contracts with the German subsidiaries Kemira Germany GmbH and Kemira Germany Sales GmbH. In addition, the entire “Sales & Applications” business division, which has three sites in Germany alone, was transferred to Kemira Germany Sales GmbH.
Kemira is a global chemicals company headquartered in Helsinki. It specialises in water quality and quantity management, systems to improve customers’ energy, water and raw materials efficiency and the supply of products used in pulp and papermaking processes. Last year Kemira generated revenues in excess of EUR 2.2 billion and currently employs more than 5000 employees worldwide.
The following Gleiss Lutz team advised Kemira: Dr. Jan Bauer (partner, corporate/M&A, Frankfurt), Dr. Christina von Schweinitz (corporate/M&A, Frankfurt, both lead), Dr. Marco Niehaus, Svenja Müller (both corporate/M&A, Frankfurt) and Dr. Charlotte Beck (employment, Berlin).
Gleiss Lutz regularly advises Kemira on restructuring measures and transactions, such as the acquisition of the paper chemicals business of Lanxess and the establishment of a joint venture with Rockwood Holdings.
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