Shearman & Sterling advised Pfaudler GmbH (Pfaudler) on the sale of Julius Montz GmbH (Montz) to Koch-Glitsch, a subsidiary of Koch Engineered Solutions (KES) and of the parent company Koch Industries. The transaction closed on July 31, 2019. Following the sale of Montz, Pfaudler will focus on corrosion resistance technologies and systems.
Headquartered in Hilden, Germany, Montz is a leading company in structured packaging, column packing and process systems for the chemical, fine chemical, oleochemical, and pharmaceutical industries.
Koch-Glitsch is a global leader in developing, engineering, designing, and manufacturing a complete line of mass transfer and separations technology equipment for the chemical, petrochemical, refining and gas processing industries.
The Shearman & Sterling team, led by partner Thomas König, previously advised Pfaudler on the acquisition of Julius Montz in 2015.