Global law firm Norton Rose Fulbright has advised the shareholders of J.W. Ostendorf GmbH & Co. KG (JWO), one of Germany’s leading paint manufacturers, on the sale of 65 per cent shares to Hempel A/S. Hempel A/S, based in Denmark, one of the world’s leading manufacturers of coating solutions. The acquisition is subject to approval by the German Federal Cartel Office (FCO) and the British Competition and Markets Authority (CMA).
JWO is one of the leading private label specialists in Europe. JWO fosters the development of brands in 20 European and five non-European countries. Furthermore, JWO is a family owned business, the previous managing director and majority shareholder, Michael Ostendorf, and his sons, Jan and Jens Ostendorf, will continue to be shareholders in the company.
The Hamburg-based Norton Rose Fulbright team was led by corporate partner Dr Klaus von Gierke and of counsel Katharina von der Heyde and also comprised partners Dr Tim Schaper (antitrust), Dr Uwe Eppler (tax), Dr Frank Weberndörfer, Christoph Valentin (employment), Dr Sandra Figgen (corporate), Borislaus Baron (real estate), Dr Christoph Ritzer (data protection, Frankfurt), Dr Oliver Sutter (banking and finance, Frankfurt) as well as Benedicte Denis and Constantin Beytout (corporate, Paris),
Norton Rose Fulbright regularly advises JWO. Dr Klaus von Gierke and his team have previously advised JWO on the acquisition of the French paint manufacturer Renaulac, and its well-known premium brand of the same name. Renaulac strengthens the position of the Hempel Group in France.
The original press release can be found here on Norton Rose Fulbright’s website.