Silbitz Group takes over Torgelow iron foundry
The Silbitz Group has taken over the Torgelow iron foundry as part of a transferring reorganization. King & Wood Mallesons (KWM) advised Silbitz Group GmbH (Silbitz Group) on merger control aspects in connection with the acquisition of the business of Eisengießerei Torgelow GmbH (EGT). GvW Graf von Westphalen advised the Group on the acquisition of the approx. 300 employees in terms of labor law.
Eisengießerei Torgelow is a traditional company from Mecklenburg-Vorpommern, which has been active in the foundry industry for more than 260 years. With its access to the Baltic Sea, the company specializes in the production of highly complex castings for the offshore wind power industry.
With this acquisition, the Silbitz Group is expanding its product range in the field of renewable energies. The Silbitz Group is a group of companies comprising various foundries and a mechanical processor with headquarters in Silbitz/Thuringia. The company, which is part of the portfolio of listed Deutsche Beteiligungs AG (DBAG), produces castings for industries such as the energy, mechanical engineering and transport sectors.
Advisors Silbitz Group GmbH:
King & Wood Mallesons (KWM) — Tilman Siebert (photo) (antitrust)
GvW Graf von Westphalen — Partner Axel Klasen, Stuttgart
Other consultants Silbitz Group
Wellensiek — Matthias Krämer (Corporate and Insolvency Law/M&A)
Administrator iron foundry Torgelow
PLUTA: Sebastian Laboga