Shearman & Sterling Advises Pfaudler Group on Acquisition of Julius Montz GmbH
Shearman & Sterling has advised Pfaudler Group on the acquisition of the majority share in Julius Montz GmbH as well as on the financing of the acquisition. Completion of the transaction is subject to competition clearance. The parties have agreed not to disclose the purchase price.
Pfaudler is a company with a 130-year history. Under the brands Pfaudler, Edlon and Tycon, the Group produces glass-lined containers and components for the chemical and pharmaceutical industry with a total of 1,450 employees on four continents. In addition, it also provides after-sales services as well as complete engineered systems based on its own products.
Montz also plans, designs and manufactures plant components for applications in the chemical industry. A core competence of the company is the configuration of individual components to form optimized columns within a chemical plant. In addition, the company develops and supervises the construction of complete plants—for example, for the production of bioethanol from cellulose biomass.
With the acquisition of Montz, Pfaudler strengthens its system competence in the field of process plants and gains two more sites in Germany.