E. Hofmann Plastics Acquires PAP Packaging from Manfreplast
Deal News | Nov 12, 2024 | CEE Legal Matters
Eversheds Sutherland has advised E. Hofmann Plastics Group in their latest strategic acquisition of PAP Packaging, a move that signifies an escape from potential insolvency for the latter. Originating from an auction process linked with the liquidation of the Italian company Manfreplast in Liquidazione, this purchase enables the continuation of operations at PAP Packaging, a company with deep historical roots in the Czech Republic. E. Hofmann Plastics, well-versed in the production of food and industrial plastic containers in Canada for 25 years, steps into the European market with this addition. Eversheds Sutherland’s team principal, Borivoj Libal, orchestrated the legal guidance alongside associate Jan Houlik. Meanwhile, Urban & Hejduk represented the seller, with Partner Jakub Jirovec and his team on board.
Sectors
- Manufacturing
- Legal Services
Geography
- Canada – E. Hofmann Plastics is a Canadian company involved in the acquisition.
- Czech Republic – PAP Packaging, the target company, operates in the Czech Republic.
- Italy – Manfreplast in Liquidazione, the seller, is an Italian company.
Industry
- Manufacturing – The article centers around the acquisition of a manufacturing company, PAP Packaging, which produces plastic containers and packaging.
- Legal Services – Legal advice from Eversheds Sutherland and Urban & Hejduk was integral to the acquisition deal.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| E. Hofmann Plastics Group | Acquirer | Company | A Canadian manufacturer of food and industrial plastic containers and packaging. |
| PAP Packaging | Target | Company | A Czech company with a significant history, specializing in packaging. |
| Manfreplast in Liquidazione | Seller | Company | An Italian company undergoing liquidation. |
| Eversheds Sutherland | Legal Advisor to Acquirer | Company | A global law practice providing legal advisory services to E. Hofmann Plastics. |
| Urban & Hejduk | Legal Advisor to Seller | Company | A law firm representing the seller, Manfreplast. |