Renzenbrink & Partner advises Multiplast on the sale of MultiPet and Multiport
29. January 2018Multiplast AG, a holding company whose subsidiaries offer customer-oriented solutions in the areas of environmental and waste management worldwide, has sold all of its shares in MultiPet GmbH and Multiport GmbH to a subsidiary of Veolia Umweltservice GmbH.
MultiPet is an environmental and waste management company specializing in the recycling of PET waste, primarily PET packaging for liquid goods such as drinks bottles. Multiport processes polyolefins from household and commercial waste and produces compounds from them. MultiPet and Multiport are among Europe’s leading recycling companies in the field of PET and HDPE raw materials.
As one of the leading environmental service providers in Germany, Veolia Umweltservice covers all stages of the recycling chain, from collection, transportation and sorting of all types of waste to recycling and recovery.
Renzenbrink & Partner comprehensively advised Multiplast AG on the sale to Veolia. The Renzenbrink & Partner team consisted of partners Dr. Dennis Schlottmann, Dr. Ulf Renzenbrink (both Corporate/M&A) and Marc H. Kotyrba (Tax) as well as associate Alexander Haunschild (Corporate/M&A).