MJH Moskwa, Jarmul, Haladyj has advised BA Glass on its acquisition of the glass production business in Orzesze, Poland, from the Canpack Group's CP Glass.
Closing is expected during the first half of 2024, pending regulatory approval.
According to the firm, BA Glass is the fourth-largest producer of glass packaging in the world, employing over 5,000 people. It operates 13 plants out of which two are located in Poland, two in Bulgaria, one in Romania, and one in Greece.
CP Glass is a member of the Canpack Group, part of Giorgi Global Holdings, Inc. The Canpack Group is a global manufacturer of aluminum beverage cans and packaging solutions for the food and beverage industry, as well as glass bottles and metal closures. Headquartered in Krakow, Poland, the Canpack Group employs around 9,000 people worldwide and operates in 16 countries.
"CP Glass is a strong niche manufacturer of glass bottles for beverages, and we are confident that our CP Glass operations and team will find a new home with BA Glass, one of the world leaders in the manufacture of glass packaging," Canpack Group CEO Marius Croitoru commented. "With this sale, the Canpack Group will continue to focus its resources on its core businesses."
The MJH team was led by Partners Pawel Moskwa and Lukasz Blazejczyk and included Senior Counsel Mateusz Baszczyk and Associate Artur Szczepaniak.
Editor's Note: After this article was published, CEE Legal Matters learned that Wardynski & Partners had advised the Canpack Group on the sale. The firm's team was led by Partners Adam Pawlisz and Michal Nowacki and included Partners Jakub Macek and Michal Glinski, Senior Associates Dominik Kaszuba and Marcin Rzysko, Lawyers Marcin Kulesza and Lukasz Bondaruk, and Junior Associate Adrian Budny.
