Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 14-01-2011 | Practice Area: | Corporate and M&A |
| Deal Title: | Darmex S.A. acquisition by RheinChemie | Industry: | Chemicals |
| Description: |
The international law firm Clifford Chance advised the specialty chemicals group LANXESS on the acquisition of the Argentina-based Darmex S.A. by its wholly-owned subsidiary RheinChemie, Mannheim. The parties have agreed to keep the purchase price confidential.
Darmex is a leading manufacturer of release agents and bladders for the tyre industry, which, in the future, will be branded under RheinChemie product names. Bladders are used in the manufacturing and curing of tyres. The Buenos Aires-based company, which was hitherto privately owned, employs about 200 people.
In 2009, RheinChemie achieved sales of EUR 226 million and employs about 800 people worldwide. The company manufactures additives and specialty chemicals for the rubber, lubricants and plastics industries.
In 2009, LANXESS achieved sales of EUR 5.06 billion and employs around 14,500 people worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
The Clifford Chance team was led by partner Dr. Christof-Ulrich Goldschmidt and included counsel Dr. Michael Willms (both Corporate, Frankfurt), partner Berndt Hess and associate Tatjana Lemmens (both Antitrust, Frankfurt).
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| Financial Center: | Frankfurt | Value: | 0.00-100.00 |
| Advised Party: | Acquiror | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Argentina | Acquiror Jurisdiction: | Germany |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Christof-Ulrich Goldschmidt |
