Von Wobeser y Sierra and Hogan Lovells advised on the deal
Schütz has signed a purchase agreement for 100 per cent of the shares of Envases y Laminados, S.A. de C.V. (ELSA). Closing is expected to take place in early 2018, subject to the pending approval of the Mexican antitrust commission COFECE. ELSA is the leading supplier of rigid industrial packaging in Mexico.
The company has been co-operating with Schütz under licence agreemen tsfor the manufacturing and sale of Schütz IBCs and plastic drums for almost 20 years.
SCHÜTZ GmbH & Co. KGaA provides packaging systems, energy systems, and industrial services. The company, led by Roland Strassburger, Udo Schütz, Else Schütz and Holger Gelhard, develops and produces various packaging systems, including foodstuff and sensitive filling goods packaging solutions, intermediate bulk containers, plastic drums for the transport of solid and liquid filling goods, and steel drums.
Von Wobeser y Sierra, S.C. advised Schütz GmbH & Co. KgaA with Rupert Hüttler (Picture), Fernando Carreño, Gloria Martínez, Paloma Alcántara and Anna Brandstädter.
Hogan Lovells advised Envases y Laminados S.A. de CV with Carlos Ramos Miranda, Ricardo Pons,Martín Michaus and Carlos Romero.
Involved fees earner: Rupert Hüttler – Von Wobeser y Sierra SC; Gloria Martínez – Von Wobeser y Sierra SC; Anna-Maria Brandstädter – Von Wobeser y Sierra SC; Fernando Carreño – Von Wobeser y Sierra SC; Paloma Alcántara – Von Wobeser y Sierra SC; Carlos Ramos Miranda – Hogan Lovells; Carlos Romero – Hogan Lovells; Ricardo Pons Mestre – Hogan Lovells; Martín Michaus Fernández – Hogan Lovells;