Dusseldorf - Luther Rechtsanwaltsgesellschaft advised the Italian Marcegaglia Carbon Steel SPA on the acquisition of the machinery of the insolvent Rudolf Flender GmbH & Co KG in Siegen, Germany.
The sale of the machinery took place as part of the insolvency proceedings instituted against the Siegen-based pipe manufacturer Rudolf Flender. Due to the coronavirus pandemic, the closure of the traditional company could no longer be averted. The parties agreed not to disclose the purchase price.
Luther advised the company in collaboration with the Italian law firm LCA Studio Legale (Milan).
Marcegaglia, whose headquarter is in the Italian region of Mantova (I), is one of the world’s leading industrial groups in the steel processing sector with a turnover of more than 5.5 billion euros. The group has operations worldwide with around 6,600 employees, 60 sales offices and 28 steel plants, and processes 6.2 million tons of steel yearly, serving more than 15,000 customers.
On behalf of Marcegaglia Carbon Steel SPA:
LCA Studio Legale: Marina Rosito (Partner)