The international law firm Milbank LLP is advising Schoeller Industries, Amsterdam/Pullach, the holding company owned by the Schoeller family and the founding shareholder in Schoeller Allibert Group, in connection with the sale of the stake held by its co-shareholder, J.P. Morgan, to Brookfield Business Partners L.P. and the partnering between Schoeller and Brookfield. The Schoeller family has agreed to contribute further business interests to Schoeller Allibert. The Schoeller family will hold 48% of the voting shares and a financial interest of 30% in the Group which under certain conditions may increase over time. Martin and Christoph Schoeller will serve as co-chairmen of the supervisory board.
Schoeller Allibert is one of the leading producers and distributors of returnable transit packaging in Europe with a presence in the U.S. and licensees all over the world. Returnable packaging, which the Schoeller family has pioneered since 1960, contributes to efficient and sustainable supply chains.
The consummation of the transaction is in particular subject to regulatory clearance.
Advisor to Schoeller: Milbank LLP
Arndt Stengel (Frankfurt), Peter Nussbaum, Dennis Seifarth (both Munich), Karen Frehmel-Kück (Frankfurt, all Corporate/M&A)
