Sineco International Transitions to Huesker's Control Amid Strategic Acquisition
Deal News | Apr 07, 2025 | Finance Community IT - 1 Corporate M&A
Sineco International, an Italian operator specializing in thermoplastic monofilament-based technologies for drainage, erosion control, and more, has been acquired by the German company Huesker Synthetic GmbH. The acquisition involves the entire share capital of Sineco, which will now operate as a subsidiary within the Huesker group. Despite the change in ownership, the Siniscalco family, including founder Andrea Siniscalco and his son Alberto Siniscalco, will continue managing the company alongside Stefan Heisterkamp. The financial advisory for Sineco was provided by Arkios Italy, with a team led by Deborah Setola. Legal and fiscal advisories were handled by Greco Vitali Associati Studio Legale and Vismara Tentardini, respectively. For Huesker, German legalities were managed by Berner Fleck Wettich, with Ughi e Nunziante Studio Legale looking into Italian aspects. Additionally, Alberto Braut handled the accounting and fiscal matters, while Iannaccone Rinaldi Peperoni took care of the notarial aspects.
Sectors
- Construction and Infrastructure
- Manufacturing
- Legal and Financial Advisory
Geography
- Italy – Sineco International is based in Italy and the operations were also influenced by Italian legal implications.
- Germany – Huesker Synthetic GmbH, the acquirer, is a German company, and the acquisition involved German legal and fiscal considerations.
Industry
- Construction and Infrastructure – Sineco International is involved in providing technology for drainage, erosion control, and other infrastructure needs.
- Manufacturing – The article discusses thermoplastic monofilaments, a manufacturing process and product line critical to Sineco International.
- Legal and Financial Advisory – Multiple legal and financial advisory firms played significant roles in facilitating the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sineco International | Target | Company | Operates in the 3D technology space for applications like drainage and sound insulation. |
| Huesker Synthetic GmbH | Acquirer | Company | German company specializing in geosynthetics and technical textiles. |
| Siniscalco family | Management Continuity | People | Family of the founder continuing to manage Sineco post-acquisition. |
| Arkios Italy | Financial Advisor | Company | Provided financial advisory services for Sineco International. |
| Greco Vitali Associati Studio Legale | Legal Advisor (Vendor) | Company | Assisted with legal aspects for the selling company. |
| Vismara Tentardini | Fiscal Advisor | Company | Handled fiscal aspects of the operation. |
| Berner Fleck Wettich | Legal Advisor (Acquirer) | Company | Managed German legal requirements for Huesker. |
| Ughi e Nunziante Studio Legale | Legal Advisor (Acquirer) | Company | Handled Italian legal requirements for Huesker. |
| Alberto Braut | Accounting and Fiscal Advisor | People | Managed accounting and fiscal issues for the acquisition. |
| Iannaccone Rinaldi Peperoni | Notary | Company | Provided notarial services for the transaction. |