BDO advises Fondium B.V. & Co. KG on the acquisition of German iron casting plants of GF Casting Sol

A mutli-disciplinary BDO team led by Thorsten Schumacher (BDO Legal, Düsseldorf) has advised Fondium B.V. & Co. KG (Mettmann) on the acquisition of two iron casting plants in Mettmann and Singen. The plants were sold by Georg Fischer B.V. & Co. KG, which belongs to the GF Casting Solutions division of Swiss Georg Fischer AG.

BDO has comprehensively advised Fondium B.V. & Co. KG on all legal and tax issues in connection with the structuring of the transaction as well as in the conclusion of the transaction agreements. The parties have agreed not to disclose the purchase price for the transaction, which was carried out by way of a combined share and asset deal.

The two acquired plants, which both have a history of more than 100 years, have a dedicated workforce of 2,000 employees and a combined sales of approx. CHF 620 million. Georg Fischer remains a 20% investor for a transition period.

Fondium B.V. & Co. KG has been founded by three current managers of GF Casting Solutions, Achim Schneider, Arnd Potthoff and Matthias Blumentrath. The three Executives have together more than 40 years of experience in the industry. The new owners intend to continue all operating activities at the facilities.

Advisors to Fondium B.V. & Co. KG

BDO Legal Rechtsanwaltsgesellschaft mbH
Thorsten Schumacher (Lead, Corporate/M&A), Julia Dönch (IP/IT, Commercial), Dr Franziska Hügel-Spohnheimer, Danny Sassek (Employment Law; all Düsseldorf).

BDO AG Wirtschaftsprüfungsgesellschaft
Reimund Schepers (Dortmund), Tanja Cech, Lars Günther (all Tax), Jan Odewald (Corporate Finance; all Düsseldorf).