{"id":2896,"date":"2021-02-17T12:00:46","date_gmt":"2021-02-17T11:00:46","guid":{"rendered":"https:\/\/www.eylaw.at\/press-release-ey-law-advised-sirap-gema-on-the-sale-of-petruzalek\/"},"modified":"2023-05-16T13:55:53","modified_gmt":"2023-05-16T11:55:53","slug":"press-release-ey-law-advised-sirap-gema-on-the-sale-of-petruzalek","status":"publish","type":"post","link":"https:\/\/www.eylaw.at\/en\/press-release-ey-law-advised-sirap-gema-on-the-sale-of-petruzalek\/","title":{"rendered":"Press release | EY Law advised SIRAP Gema on the sale of Petruzalek"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2896\" class=\"elementor elementor-2896 elementor-2225\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67ef7858 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67ef7858\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ff77888\" data-id=\"6ff77888\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7854951d elementor-widget elementor-widget-text-editor\" data-id=\"7854951d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>EY Law \u00d6sterreich (Pelzmann Gall Gr\u00f6\u00df Rechtsanw\u00e4lte GmbH) together with Gattai, Minoli, Agostinelli &amp; Partner advised the Italian investment holding Italmobiliare S.p.A. and its packaging subsidiary SIRAP Gema S.p.A on the sale of the packaging company Petruzalek GmbH, headquartered in Austria and with subsidiaries in 12 countries in Central and Eastern Europe, as well as the German subsidiary Sirap GmbH to Irish Zeus Packaging Group.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b2a4297 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b2a4297\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c87eb0a\" data-id=\"c87eb0a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d5ce42e elementor-widget elementor-widget-text-editor\" data-id=\"d5ce42e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Petruzalek was founded in 1961 and is active in the manufacturing and trading of food and non-food packaging technology throughout Europe. In addition to packaging machines, the product range also includes recyclable, renewable and compostable materials. The group recently achieved annual sales of around EUR 58 million.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f15bf1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f15bf1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d712ec\" data-id=\"9d712ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-85540e0 elementor-widget elementor-widget-text-editor\" data-id=\"85540e0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The transaction is expected to close in the 2nd quarter of 2021 after the customary conditions precedent will have been fulfilled. For further information, see the press release at <a href=\"https:\/\/www.petruzalek.at\/petruzalek-zeus\" target=\"_blank\" rel=\"noopener\">https:\/\/www.petruzalek.at\/petruzalek-zeus<\/a>.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b8514a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b8514a7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9044674\" data-id=\"9044674\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54583fd elementor-widget elementor-widget-text-editor\" data-id=\"54583fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The in-house team at Italmobiliare S.p.A. and SIRAP Gema S.p.A managed the transaction from their headquarters in Verolanuova (Brescia), relying on their regular Italian advisor Gattai, Minoli, Agostinelli &amp; Partner, who worked with a team led by partner Federico Bal (M&amp;A).<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fea59e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fea59e6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9cfa0d7\" data-id=\"9cfa0d7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a971a22 elementor-widget elementor-widget-text-editor\" data-id=\"a971a22\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>EY Law advised on negotiating the purchase agreement, pre-closing reorganizations in Germany and other local aspects. The team of EY Law was led by Georg Perkowitsch (Partner, M&amp;A, Corporate; Vienna) and consisted of Clara Kreuzbauer (Associate M&amp;A, Corporate; Vienna), Martina Wimmer (Associate M&amp;A, Corporate; Vienna) as well as Jan Feigen (Partner, M&amp;A; Hamburg), Sylvia Semkovicz (attorney, M&amp;A, Corporate; Hamburg) and Sandra G\u00f3mez Gracia (associate M&amp;A, Corporate; Hamburg).<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c30d20a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c30d20a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6f48e63\" data-id=\"6f48e63\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2759339 elementor-widget elementor-widget-text-editor\" data-id=\"2759339\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The buyer Zeus Packaging was advised by BPV Huegel led by partner Elke Napokoj (M&amp;A, Coporate, Vienna).<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>EY Law \u00d6sterreich (Pelzmann Gall Gr\u00f6\u00df Rechtsanw\u00e4lte GmbH) together with Gattai, Minoli, Agostinelli &amp; Partner advised the Italian investment holding Italmobiliare S.p.A. and its packaging subsidiary SIRAP Gema S.p.A on the sale of the packaging company Petruzalek GmbH, headquartered in Austria and with subsidiaries in 12 countries in Central and Eastern Europe, as well as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[70],"tags":[103],"class_list":["post-2896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-deal"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts\/2896"}],"collection":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/comments?post=2896"}],"version-history":[{"count":1,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts\/2896\/revisions"}],"predecessor-version":[{"id":2897,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts\/2896\/revisions\/2897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/media\/1483"}],"wp:attachment":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/media?parent=2896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/categories?post=2896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/tags?post=2896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}