Noerr advises Donges SteelTec on strategic acquisition from Tata Steel
Noerr has advised the investment company Mutares and its subsidiary Donges SteelTec on the strategic acquisition of Tata Steel’s roof and facade system division operating as the Kalzip Group.
Donges, headquartered in Darmstadt, Germany, has so far been operating in the steel bridge and structural steel construction business in the DACH (Germany, Austria and Switzerland) region, whereas Kalzip is a supplier of aluminium steel envelopes. Kalzip, which is headquartered in Koblenz, Germany, and has major sites in England, Dubai and India, achieved sales of more than EUR60 million last year. The newly founded Donges Group combines these complementary product portfolios and offers potential for further growth, with total revenues currently exceeding EUR100 million.
In this transaction Mutares and Donges SteelTec relied on Noerr and the Munich partners Christoph Thiermann and Ralph Schilha. Noerr regularly advises Donges’ group parent, Mutares. Ralph Schilha and Julian Schulze De la Cruz regularly advise the company - which has been listed in the Scale 30 index of Deutsche Börse since 2016 - on stock corporation and capital markets law issues, such as on the IPO of its subsidiary STS Group AG.