Oppenhoff & Partner advises Weinig Group on acquisition of insolvent HOLZ-HER

Presse Release 21 April 2010

Oppenhoff & Partner has advised Michael Weinig AG on the acquisition of the essential assets of the insolvent HOLZ-HER/Reich corporate group. The acquisition encompasses the business operations of the principal companies in Germany and Austria as well as the distribution companies in the USA and Canada. The purchase price is not being disclosed. HOLZ-HER will be continued within the Weinig Group with effect as of 1 April 2010 as an independent mark with the product groups CNC, edge-banding machines, pressure beam saws and vertical panel saws. Michael Weinig AG is one of the leading manufacturers of machines and systems for the solid wood processing industry.

An Oppenhoff & Partner team, led by Dr. Günter Seulen (corporate law), extensively advised Michael Weinig AG on this transaction. Further team members were Dr. Falk Osterloh (corporate law), Dr. Christoph Poertzgen (insolvency law), Dr. Gunnar Knorr (tax law), Peter Hützen (labour law), Georg Lecheler (IP). A team of Wolf Theiss, Vienna, led by Dr. Clemens Schindler, was retained by Oppenhoff & Partner to assist on questions concerning Austrian law. Parker Poe (North Carolina, USA) were the lawyers of the US subsidiary included in the acquisition.

About Oppenhoff & Partner

Oppenhoff & Partner is an independent law firm located in Cologne. It sees itself as a top-ranking legal adviser of enterprises and entrepreneurs, offering a broad range of advice on commercial and tax law. With more than 55 lawyers, it focuses on the provision of advice to regional, national and international major and medium-sized enterprises. Oppenhoff & Partner’s clients include Ford, Hannover Rück, Johnson & Johnson, M. DuMont Schauberg, RWE, United Airlines, Vattenfall and the Zurich Group.


Contact at Oppenhoff & Partner

Elmar Salinger
Public Relations Manager
Tel: +49 (0) 221 2091-315
elmar.salinger@oppenhoff.eu