Copobras’ Acquisition of 100% stake in Sealed Air Embalagens Ltda

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga and TozziniFreire advised on the deal

Cryovac Brasil Ltda., a Brazilian company controlled by Sealed Air Corporation, and Copobras da Amazônia Industrial de Embalagens Ltda., entered into an agreement for the sale to Copobras of Sealed Air Embalagens Ltda., the subsidiary of Cryovac responsible for the manufacturing of expanded polystyrene trays in Brazil. Sealed Air Corporation shall remain with all its other activities and businesses in Brazil, through its subsidiary Cryovac Brasil Ltda. and other controlled Brazilian entities.

Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company, led by Jerome A. Peribere, Carol P. Lowe, Karl R. Deily, Ilham Kadri and Emile Z. Chammas, is based in Charlotte (US).

The closing of the transaction is subject to certain conditions precedent usual to transactions of this nature, particularly the approval of the Brazilian antitrust authorities (CADE).

TozziniFreire advised Copobras S.A. with a team including Gustavo Nygaard (Picture), Maria Medeiros Bofill, Leonela Otilia Sauter Soares and Eduardo Petry Terra Werneck.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Cryovac Brasil Ltda. with Renata Fonseca Zuccolo Giannella, Luiz Felipe Centeno Ferraz, Eduardo Marques Souza, Bruna Bianchini Sato, Luis Eduardo Bologna Tierno, Rosane Marques Rosado Carmona, Patrícia Santana da Silva and Tomás Machado de Oliveira.

 

Involved fees earner: Gustavo Nygaard – Tozzini Freire ; Maria Medeiros Bofill – Tozzini Freire ; Eduardo Petry Terra Werneck – Tozzini Freire ; Eduardo Marques Souza – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bruna Bianchini Sato – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luis Eduardo Bologna Tierno – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Rosane Marques Rosado Carmona – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Tomás Machado de Oliveira – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luiz Felipe Centeno Ferraz – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Renata Fonseca Zuccolo Giannella – Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Law Firms: Tozzini Freire ; Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Clients: Copobras SA Industria e Comercio de Embalagens; Cryovac Brasil Ltda;

 

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Author: Ambrogio Visconti.