FGvW advises Knauf on acquisition of Opitz Holzbau
Freiburg — The Bros. Knauf KG, based in Iphofen, took over all shares in the Neuruppin-based family company Opitz Holzbau GmbH & Co KG at the turn of the year. The globally active manufacturer of building materials and construction systems is thus strengthening its commitment to the future market of lightweight construction. Opitz Holzbau specializes in the production and marketing of prefabricated lightweight construction elements, in this case mainly wooden panel building elements. With the sale, the family business settles the company succession. Knauf will continue to operate Opitz as an independent company at the existing site.
The family-run traditional company Opitz is one of the leading suppliers of carpentry and prefabricated construction companies in the field of joinery, nail plate trusses and wooden panel building elements in Germany. In the modern future factory of Opitz Holzbau in Neuruppin (Brandenburg), the company manufactures, among other things, wall, roof and ceiling elements for buildings in low-energy and passive construction. Opitz Holzbau will be continued by Knauf as an independent company. In addition to the classic business, the sale of wooden panel building elements, Knauf is planning to manufacture lightweight steel building elements for facades, walls and ceilings in Neuruppin.
The Knauf Group is one of the leading international manufacturers of building materials and building systems. Knauf is represented by production facilities and sales organizations in more than 86 countries at over 220 locations worldwide. Knauf plants produce modern drywall systems, plasters and accessories, thermal insulation composite systems, paints, flowing screeds and flooring systems, machines and tools for the application of these products as well as insulation materials. In fiscal 2016, the Knauf Group generated annual sales of 6.5 billion euros with around 27,400 employees worldwide.
In the context of the transaction, Knauf was advised by a corporate and M&A team of the commercial law firm Friedrich Graf von Westphalen & Partner in Freiburg and Frankfurt under the lead of FGvW partner Dr. Barbara Mayer (photo) provided comprehensive advice in all legal areas: from legal due diligence to contract negotiations and labor law issues to the closing. FGvW has acted for Knauf for many years; in particular, FGvW partner Gerhard Manz has advised on numerous transactions for the company in recent years. Opitz Holzbau was advised on the transaction by lawyers from Warth & Klein Grant Thornton in Düsseldorf.
Advisor Knauf Group: Friedrich Graf von Westphalen & Partner
Dr. Barbara Mayer, Partner (Lead Partner, Corporate, M&A), Freiburg
Gerhard Manz, Partner (Corporate, M&A), Freiburg
Julia Reinhardt, Associate (Corporate)
Friederike Schäffler, Partner (Real Estate, State Aid Law)
Dr. Sabine Schröter, Partner (Labor Law), Frankfurt
Susanne Lüddecke, Local Partner (Labor Law), FrankfurtAbout Friedrich Graf von
About Westphalen & Partner
Friedrich Graf von Westphalen & Partner is one of the leading independent German commercial law firms. The firm’s approximately 85 lawyers, 31 of whom are partners, advise companies worldwide from offices in Cologne, Freiburg, Frankfurt am Main, Alicante and Brussels, as well as from cooperation offices in Shanghai, São Paulo and Istanbul. In total, the firm has around 200 employees. For more information, visit www.fgvw.de.