The Prague and Munich offices of Taylor Wessing have advised US company VINTECH Industries Inc. on acquiring parts of the enterprise of REHAU Automotive, s.r.o., which specialises in producing polymer moldings and sealing. The acquisition concerned REHAU Automotive’s site in Jevíčko, Moravia and further expands VINTECH’s European market presence.
VINTECH Industries is a leading supplier of plastic components to the automotive industry, with this step it keeps growing its European production network, first established when it opened its Portuguese branch in 2018. First founded in 2004, with its headquarters in Imlay City, Michigan, the company employs around 600 people in automotive innovation and technology across seven manufacturing sites in the United States, Mexico, China and Portugal.
„Thanks to the expertise of the Taylor Wessing team we’ve successfully closed a complex acquisition while ensuring seamless business continuity. The support of the law firm's team was particularly helpful in dealing with the specific cross-border legal issues relating to the takeover of both the business and its employees, as well as customer and supplier relationships,“ said Gernot Mindrup, Vice President of VINTECH Industries Inc.
Jim Schoonover, President of VINTECH Industries Inc., stated: “The Czech site perfectly complements our European production network, offering us even more opportunities. We are excited to welcome our new colleagues, customers and suppliers into the VINTECH family.“
The acquisition of the REHAU Automotive division, specializing in the development and production of thermoplastic extruded sealing and water systems, will give VINTECH greater access to the European market and strengthen its ability to respond to the needs of global automotive manufacturers.
„We are delighted to have been able to contribute to the successful completion of the transaction, which will significantly strengthen our client's presence in the European market and enable the important strategic expansion of the VINTECH Group," says Thomas Rechberger, Partner at Taylor Wessing, commenting on the transaction.
Working closely with colleagues at Taylor Wessing Munich, led by partner Rebekka Krause, Taylor Wessing Prague advised on cross-border M&A aspects as well as Real Estate, Employment, IP/IT and Regulatory. In this way the firm oversaw successful closing of contracts implementing the acquisition while ensuring continuity in international supply and customer chains.
REHAU Automotive was advised by Schönherr in the area of Czech law and Gleiss Lutz in the area of German law.
Thomas Rechberger, Partner at Taylor Wessing Czech Republic, specialises in Corporate and M&A, advising clients in the automotive, logistics, transport, manufacturing and industrial sectors.
Dr. Rebekka Krause, Salary Partner at Taylor Wessing Germany and specialising in cross-border M&A, led the Munich team in this transaction.
Adéla Kučerová, Senior Associate at Taylor Wessing Czech Republic, advises national and international clients on real estate transactions and other aspects of Real Estate. She also focuses on M&A and Corporate law.
Christian Dietz, Senior Associate at Taylor Wessing Germany, advises national and international companies on all aspects of corporate law. The focus of his practice is in the areas of M&A and reorganisations.
Nicole Ragužová, Associate at Taylor Wessing Czech Republic, specialising in Corporate, M&A and Capital Markets. Experienced in venture capital in the Czech Republic and Germany, she focuses on M&A, corporate law and restructuring, including distressed M&A.
The successful closing of this transaction is a testament to the effective cross-border cooperation between Taylor Wessing's Prague and Munich teams in all key legal areas.
