Silbitz Group takes over Torgelow iron foundry

Photo: Tilman Siebert is a part­ner in the Frank­furt office and a member of the inter­na­tio­nal anti­trust prac­tice of King & Wood Mallesons
11. Octo­ber 2021

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

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