VPK Group’s Acquisition Of DA Alizay

Watson Farley & Williams and Ergon Avocats advised VPK Group on the deal. Winston & Strawn advised Double A.

VPK Group (“VPK”) acquired paper production company DA Alizay, from Thai investment holding company Double A Holdings (“DAH”), to create the ‘Alizay Sustainable Development Hub’.

In the context of this acquisition and in association with Inova Pulp and Paper (“IPP”), VPK and DAH will jointly transform the DA Alizay industrial site into a hub for sustainable development in a circular economy. The project will contribute to the economic and industrial development of France’s Normandy region in terms of its sustainability transition.

In this regard, VPK and DAH will convert the Alizay paper mill into a recycled paper-based production site which will notably include VPK’s converted paper mill and the IPP recycling plant for waste paper, both being supported with a long-term supply of steam from Bioenergie Alizay (“BEA”).

VPK is a Belgian international packaging supplier with a strong presence in France. In addition to offering a unique sustainable development platform, VPK plans to develop innovative projects to keep implementing sustainable solutions for e-commerce fulfilment sites and logistics players.

BEA is the third largest electricity from biomass production unit in France to date, with a capacity of 50 MW. Also located at the Alizay site, DAH retained BEA when divesting from DA Alizay.

IPP is a deinked pulp production company focussed on collecting and handling of wastepaper and deinking, producing, storing and selling pulp.

The multidisciplinary WFW Paris team advising VPK was led by Corporate/M&A Partner Thomas Rabain (Picture), assisted by Associates Adrien Launay, Mohamed Douib and Inès-Anaïs Martinet. Thomas worked closely with Partner Laurent Battoue, Senior Associate Antoine Bois-Minot and Associate Marine Yzquierdo providing regulatory expertise and assisting on the steam supply and wastewater treatment agreements. Thomas was also supported by Partner Cyrille Gogny-Goubert and Associate Kodou Diouf on real estate matters.

Pauline Mordacq from law firm Ergon Avocats is advising VPK on the employment law aspects of the transaction.

The Winston & Strawn team included Jean-Patrice Labautière, Servane Elluin, Camille Clauss, Bertrand Dussert, Alban Michou Tognelli, Mathilde Lefranc-Barthe, Virgile Puyau, Joël Fernandez.

Involved fees earner: Laurent Battoue – Watson Farley & Williams; Antoine Bois-Minot – Watson Farley & Williams; Kodou Diouf – Watson Farley & Williams; Mohamed Douib – Watson Farley & Williams; Cyrille Gogny-Goubert – Watson Farley & Williams; Adrien Launay – Watson Farley & Williams; Inès-Anaïs Martinet – Watson Farley & Williams; Thomas Rabain – Watson Farley & Williams; Marine Yzquierdo – Watson Farley & Williams; Camille Clauss – Winston & Strawn; Bertrand Dussert – Winston & Strawn; Servane Elluin – Winston & Strawn; Joël Fernandez – Winston & Strawn; Jean-Patrice Labautière – Winston & Strawn; Mathilde Lefranc-Barthe – Winston & Strawn; Alban Michou Tognelli – Winston & Strawn; Virgile Puyau – Winston & Strawn;

Law Firms: Watson Farley & Williams; Winston & Strawn;

Clients: Double A; VPK Group;

Author: Federica Tiefenthaler