Schoenherr has advised HS Timber Group on its sale of HS Timber Productions Sebes to Ziegler Group. BPV Grigorescu Stefanica and BPV Huegel advised the buyer.
Closing is expected in mid-2023, pending regulatory approval.
With more than 600 employees, HS Timber Productions Sebes operates a sawmill and other industrial wood processing activities at the Sebes site.
HS Timber Group is a Vienna-based wood processing company, that is active in the timber industry and in the bioenergy sector throughout the CEE region, exporting its products to 70 destinations.
Founded in 1948, Ziegler Group specializes in wood processing. The company originates from the northern Upper Palatinate in Bavaria and has locations in Europe.
The Schoenherr team was led by Partners Christian Herbst and Maximilian Lang and included Partners Volker Weiss, Madalina Neagu, and Narcisa Oprea, Senior Attorney-at-Law Claudiu Stan, Attorney-at-Law Silviu Lazar, and Associate Markus Fasching.
The BPV Grigorescu Stefanica included Managing Partner Catalin Grigorescu, Partner Anca Albulescu, and Managing Associates Nicolae Ursu, Iulia Dragomir, and Cristina de Jonge.
The BPV Huegel team was led by Partner Elke Napokoj and included Partners Stefan Gaug and Gerhard Fussenegger.
