Luther Rechtsanwaltsgesellschaft advised the Italian Marcegaglia Carbon Steel SPA in collaboration with the Italian law firm LCA Studio Legale.
Marcegaglia Carbon Steel SPA announced the acquisition of the machinery of the insolvent Rudolf Flender GmbH & Co KG in Siegen, Germany.
The sale of the machinery took place as part of the insolvency proceedings instituted against the Siegen-based pipe manufacturer Rudolf Flender. Due to the coronavirus pandemic, the closure of the traditional company could no longer be averted. The parties agreed not to disclose the purchase price.
Marcegaglia, whose headquarter is in the Italian region of Mantova (I), is one of the world’s leading industrial groups in the steel processing sector with a turnover of more than 5.5 billion euros. The group has operations worldwide with around 6,600 employees, 60 sales offices and 28 steel plants, and processes 6.2 million tons of steel yearly, serving more than 15,000 customers.
Rudolf Flender GmbH & Co. KG manufactures and supplies steel products. The Company produces a wide range of steel pipes for district heating, pipelines for gas and oil, water and solids, petrochemical plants, and power station technology. Rudolf Flender conducts business operations and services internationally.
The Luther team included Dr Eckart Petzold (Picture), Wolfgang Liebau, Dr Vittorio Cardano, Ulrich Siegemund, Ramona Hubracht, together with Marina Rosito, Partner at LCA Studio Legale.
Involved fees earner: Marina Rosito – LCA Studio Legale; Vittorio Cardano – Luther Rechtsanwaltsgesellschaft mbH; Ramona Hubrach – Luther Rechtsanwaltsgesellschaft mbH; Wolfgang Liebau – Luther Rechtsanwaltsgesellschaft mbH; Eckart Petzold – Luther Rechtsanwaltsgesellschaft mbH; Ulrich Siegemund – Luther Rechtsanwaltsgesellschaft mbH;
Clients: Marcegaglia Steel S.p.A.;