Aquin Advises:
On The Sale To:
Key Terms
| > | With effect from December 5, 2013, in the course of an asset deal at the Aichach (Germany) location, the WIEGEL Group took over central assets of the hot galvanizing plant of the MEA AG including its long-term customer base |
| > | Aquin accompanied the transaction as the exclusive M&A advisor of the MEA AG. |
Strategic Logic
| > | With the takeover of the galvanizing activities of the MEA AG, the WIEGEL Group gains access to a variety of attractive key customers. Therefore, a central aspect of the transaction structure was a long-term transfer of the customer relationships to the buyer. |
| > | For the MEA AG, the transaction represented a resource-saving alternative to the closing or rather the continuation of the location. Through a previous transfer of the galvanization of captive products at the modern site in the Czech Republic, the galvanizing plant in Aichach solely takes on externally processed orders. |
| > | The MEA AG was founded in 1886 and is headquartered in Aichach. It is the leading supplier for the construction and industrial sector in Europe. Core competencies of the company include the workmanships of synthetics, metals, polymer concrete and hot galvanizing. |
| > | The company generates an annual turnover of approximately 120 million euros and employs around 700 employees at its locations in Germany, the Czech Republic, the Netherlands, France, Rumania and China. |
| > | The WIEGEL Group, headquartered in Nuremberg (Germany), is a pan-European acting medium-size corporate group with its focus on metallic corrosion protection, which also comprises powder coating next to galvanizing. |
| > | With more than 1,400 employees and 30 locations in five countries, the WIEGEL Group is one of the market leaders in the industry. |