Binder Grösswang has advised New York Stock Exchange-listed MeadWesvaco Corporation on the sale of its beauty and personal-care folding carton business to ASG Shorewood Group. Specifically, MeadWestvaco sold two Poland-based companies.
The MeadWestvaco group offers packaging solutions particularly in the segments of healthcare, beauty and personal care, foods, beverages and tobacco.
The Binder Grösswang team consisted of Michael Lind (partner, mergers and acquisitions), Michael Binder (partner, mergers and acquisitions), Markus Klepp (associate, mergers and acquisitions), Christian Dax (associate, mergers and acquisitions) and Markus Reinfeld (associate, mergers and acquisitions).
Binder Grösswang acted as lead counsel for MeadWestvaco and additionally provided advice on questions of Austrian law.
For questions of Polish law, MeadWestvaco was advised by the law firm Domański Zakrzewski Palinka.
US firm Pillsbury Winthrop Shaw Pittman acted as lead counsel for the purchaser, ASG.
ASG was advised on questions of Austrian law by Wolf Theiss and on questions of Polish law by Wardyński i Wspólnicy.