Molecor’s Acquisition of Adequa WS Piping Production Plant

Cuatrecasas advised the COEMAC Group, while Uría Menéndez advised Molecor.

Molecor executed the acquisition of Adequa WS piping production plant, in the framework of insolvency proceedings, from COEMAC Group. The transaction is valued at €45 million.

This transaction represents the culmination of the COEMAC Group’s divestment process, which began a few years ago.

As the COEMAC Group’s last operating business, the piping division that it operated through its subsidiary Adequa WS was part of a sales process that could not be completed in the end. Selling the production unit in insolvency proceedings provided an alternative that has enabled the COEMAC Group to divest its business while keeping its employees’ jobs.

The Cuatrecasas team was led by partners Ignacio Escrivá (Picture), Rafael Mínguez and Fedra Valencia, with the collaboration of senior associate Javier Sanz and associate Elena García.

Uría Menéndez has advised Molecor with a team led by partners Ángel Alonso and Eduardo Rodríguez-Rovira.

Involved fees earner: Ignacio Escrivá de Romaní – Cuatrecasas; Elena García – Cuatrecasas; Rafael Mínguez – Cuatrecasas; Javier Sanz – Cuatrecasas; Fedra Valencia – Cuatrecasas; Ángel Alonso Hernández – Uria Menendez; Eduardo Rodríguez-Rovira – Uria Menendez;

Law Firms: Cuatrecasas; Uria Menendez;

Clients: COEMAC Group; Molecor Tecnología;