Leading Australian law firm Hall & Wilcox is pleased to have advised German company Sto Group on its acquisition of Unitex, an Australian manufacturer and distributor of building products for residential and commercial architectural products.
Sto Group is a major international manufacturer of products and systems for building coatings, including systems for external wall insulation and rainscreen cladding, render and paint for home and office interiors, decorative coatings and acoustic systems for regulating room noise. It has an annual turnover of €1.2 billion and a large international presence but, before this acquisition, had not entered the Australian market.
The Hall & Wilcox team, led by Head of International Oliver Jankowsky, advised Sto Group on all corporate aspects of the asset and share acquisition, including tax, property and employment advice. The team also comprised Partner Deborah Chew and Lawyers Alicia Haesslein, David Holland and James Fisher.
‘We are delighted to assist Sto Group with its acquisition of Unitex and ongoing international expansion,’ Oliver Jankowsky said.
‘Assisting a client such as Sto shows the strength of Hall & Wilcox’s international presence and our ability to work seamlessly with overseas clients and foreign counsel to achieve our client’s strategic goals.’
In thanking Hall & Wilcox, Dr König, of Schrade & Partner Rechtsanwälte PartmbB, the Sto Group’s German counsel, confirmed that ‘Mr Jankowsky and Hall & Wilcox provided excellent support.’
Hall & Wilcox’s international desks cover Europe, China, Korea and Malaysia. The team has extensive experience in cross-border transactions and disputes and works with clients and other firms from around the world.