Orth Kluth advised Vallourec on the deal.
Vallourec Deutschland GmbH operated a tube plant for the production of seamless steel tubes in Düsseldorf-Reisholz until August 2020. This tube plant was previously operated by Mannesmannröhren-Werke AG. After Vallourec had initially entered into a joint venture with Mannesmannröhren-Werke AG at the end of the 1990s, this joint venture became a wholly-owned subsidiary of Vallourec in 2005.
Upon shutting down the tube plant, the 14-hectare site was to be sold. For this purpose, Vallourec Deutschland GmbH initiated a bidding process. The decision was made in favour of Frasers Property Industrial, a multinational real estate company that acquired the site for a high double-digit million sum and is planning a 75,000 square metre commercial and logistics park there.
Germany is an important technology location for the Vallourec Group. In North Rhine-Westphalia, the Group operates two specialized Tube Mills, which produce an extensive range of products and services using various manufacturing processes.
The Orth Kluth team included Carolin Bergermann (Picture) and Timo Nossek, both Construction and Real Estate Law and also Dr. Michael Sitsen, Public Law and Public Procurement Law.
Law Firms: Orth Kluth Rechtsanwälte;
Clients: Vallourec SA;