In cooperation with Luthers Rechtsanwaltsgesellschaft mbH, PRK participated in the acquisition of the German company Matthews Int. Corporation
In cooperation with lead counsel Luthers Rechtsanwaltsgesellschaft mbH, PRK Partners was engaged in Matthews International Corporation‘s USD 45 million acquisition of German based OLBRICH GmbH and R+S Automotive GmbH, in particularly on Czech aspects of the transaction. The deal was signed in June 2022 and is expected to be closed in July 2022 subject to certain regulatory authority approvals. Senior partner Jan Kohout led a team consisting of Illia Antonov, Jan Bürger, Matej Danek, Norbert Hink, Jakub Kacerek, Shiyang Zhang and Bohdan Zubac.
Matthews International Corporation (NASDAQ GSM: MATW) is a global provider of industrial technologies, memorialization products and brand solutions and is listed at NASDAQ, operating in more than 26 countries with its approximately 11000 employees.
Having combined annual revenues in excess of USD 100 million, OLBRICH GmbH is one of the world's leading companies in the field of production machinery and equipment for the manufacture of web-shaped products and R+S Automotive GmbH is one of the leading companies in the manufacturing of machines and tools for the production of interior and exterior components for the automotive industry, such as door panels, dashboards or rear shelves. Both target companies are headquartered in Bocholt, Germany, while also operating in China, the Czech Republic, Switzerland as well as the USA.