CEE: Schoenherr advises Austrotherm GmbH on merger control filings for acquisition of EPS insulation business unit from Brucha

Schoenherr acted as advisor during the transaction in Austria and other European jurisdictions in the preparation and filing of merger control notifications. It was able to obtain Phase 1 clearance in all countries. Furthermore, Schoenherr advised on selected SPA matters as well as on labour and employment law.

The Austrotherm Group generated sales of approximately EUR 436m in 2023 and employed 1,400 people as of 31 December 2023. It currently operates 26 production sites for insulation materials in 12 countries, including Bosnia-Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Poland, Romania, Serbia, Slovakia and Türkiye.

Brucha is a family-run insulation manufacturer and installation service provider for cold-insulated rooms. In the DACH region and across CEE, Brucha is also active as an installation service provider for refrigeration and special room construction. Applications range from cooling cells for restaurants to the planning and construction of food production facilities.

The Schoenherr team advising Austrotherm was led by Franz Urlesberger (partner) and Maha Zöhrer (attorney at law) and further consisted of Danijel Stevanović (partner), Nina Rašljanin (attorney at law) and Filip Zafirovski (associate). Roman Perner (partner) advised on selected SPA matters, while Stefan Kühteubl (partner) and Karin Pusch (counsel) advised on labour and employment law.