French construction company Lafarge (Holcim Group) finalized the acquisition of shares in Izolbet Group companies on October 3, following the fulfillment of conditions precedent, including the UOKiK’s approval of the concentration. The Polish company was advised by the law firm Sobczyńscy i Partnerzy | FSG Prawo.
The objects of the transaction were Izolbet sp. z o.o. and Izolbex sp. z o.o., whose founders and partners were Kazimierz, Robert and Marcin Majchrzak. Lawyers of Sobczyńscy i Partnerzy | FSG Prawo supported them at all stages of this project, providing comprehensive legal services for the sale of the companies.
The legal team of the corporate and transactional law practice was led by attorney Michał Sobczyński, the firm’s managing partner, and attorney-at-law Orest Ochocki, co-leading the corporate and transactional law practice.
In the real estate part, the transaction was handled by the firm’s real estate and construction investment law team led by attorney-at-law Piotr Pawłowski.
The sellers’ tax advisor was also a company from the FSG Group – FSG Podatki, where tax advisor Michał Szychowski assisted on behalf of Izolbet shareholders.
Izolbet is one of the major Polish manufacturers of waterproofing materials, construction chemicals, mortars and plasters. The company was founded in 1995. It employs 170 people and has four production facilities located in Budzyn, Gostynin, Kleszczów and Chmielów. For the past three years, Izolbet has achieved double-digit increases in sales and EBITDA.
Lafarge is a French company that is part of the Holcim Group, which is a major manufacturer of building materials in the global market, providing solutions for contractors, architects and engineers.
– We are proud to gain such a partner as Izolbet, which, like us, is committed to quality and innovation in the solutions it offers. Through synergy, we want our advanced solutions to meet the needs of modern construction, increasing the energy efficiency of buildings and allowing faster and more efficient construction. This is also another step in the implementation of Strategy 2025 – accelerating green growth” Xavier Guesnu, president of Lafarge in Poland, said in a company release.