Czech Republic: Schoenherr advises REHAU Automotive s.r.o. on sale of European sealing and extrusion business unit to VINTECH Industries Inc.

"We were pleased to support REHAU Automotive in navigating a multifaceted asset deal involving the various intertwined complexities of the sealing business operations," said partner Vladimír Čížek, who led the legal team.

Besides negotiating the asset purchase agreement with VINTECH Industries Inc., Schoenherr also extensively advised on commercial, real estate and employment law aspects of the transaction.

REHAU Automotive s.r.o. is part of the REHAU Concern group, which unites five strong companies: Meraxis, New Ventures, RAUMEDIC, REHAU Automotive and REHAU Industries. Specialising in polymer-based solutions, the family-owned company generates annual sales of over EUR 4.5bln. Approximately 20,000 people work for the group, which has grown independently over the past century.

VINTECH Industries, headquartered in Detroit, has approximately 500 employees and operates manufacturing facilities in the US, Mexico, Portugal and China.

The Schoenherr team advising on the transaction was led by Vladimír Čížek (partner), and further consisted of Michal Jendželovský (counsel), Helena Hangler (counsel), Petr Korál (attorney at law) and Kristýna Zmatlíková (attorney at law).

Gleiss Lutz acted as lead counsel of the transaction and provided legal services in relation to its German law aspects. TaylorWessing represented VINTECH Industries Inc.