CENTA sells to Rexnord Corporation in America
Düsseldorf — The law firm FPS provided comprehensive legal advice to the family shareholders of the coupling manufacturer CENTA Antriebe Kirschey GmbH (“CENTA”) on the sale of their shares in the context of a bidding competition to the American drive and conveyor chain manufacturer Rexnord Corporation (“Rexnord”). The parties have agreed not to disclose the purchase price. The transaction has already been completed following approval by the antitrust authorities.
Founded in 1970 and headquartered in Haan, North Rhine-Westphalia, the family-owned company CENTA is one of the world’s leading manufacturers of advanced flexible couplings and drive shafts for rail, industry, marine and the energy sector. The company has an international presence with ten subsidiaries, around 30 agencies and two licensees, and operates production sites in Germany, England, the USA and China. With more than 500 employees worldwide, CENTA recently achieved sales of over EUR 100 million.
NYSE-listed Rexnord is headquartered in Milwaukee, Wisconsin, USA, and produces components in the field of drive technology and for conveyor technology, for example chains, couplings and conveyor systems, at more than 20 manufacturing sites with more than 8,000 employees worldwide. In Europe, Rexnord operates seven manufacturing and logistics sites, including Betzdorf in Rhineland-Palatinate and Dortmund.
Under the leadership of Düsseldorf M&A Partner Dr. Georg-Peter Kränzlin (photo) together with Associated Partner Dr. Sebastian Weller, FPS provided comprehensive legal support and advice to the transaction and all family shareholders of CENTA across all offices. The international law firm network of FPS was consulted for the foreign companies.
Advisors to CENTA Antriebe Kirschey GmbH: FPS Fritze Wicke Seelig Düsseldorf
Dr. Georg-Peter Kränzlin, Partner (Lead Partner, Corporate, M&A)
Dr. Sebastian Weller, Associated Partner (Co-Lead, Corporate, M&A)
Dr. Anja Krüger, Associated Partner (Corporate, M&A)
Tobias Törnig, Partner (Real Estate)
Dr. Karl Friedrich Dumoulin, Partner (IP)
Rexnord was advised on the transaction by Baker & McKenzie, led by Dr. Florian Kästle and Dr. Dorothee Prosteder.