King & Wood Mallesons (KWM) advised Silbitz Group GmbH (Silbitz Group) on merger control aspects in connection with the acquisition of the iron foundry Eisengießerei Torgelow GmbH (EGT).
EGT is a traditional company based in Mecklenburg-Vorpommern, Germany and has been active in the foundry industry for more than 260 years. The company uses its access to the Baltic Sea and specializes in large-dimension castings for use in offshore wind turbines. The company was forced to file for insolvency as a result of the Corona pandemic.
Silbitz Group is a portfolio company of listed Deutsche Beteiligungs AG (DBAG). The group of companies operates three foundries. At its headquarters in Silbitz (Thuringia, Germany), various steel and iron-based materials are cast in hand-mold casting and automated machine-mold casting. The complex castings produced are mainly used in engine construction and energy technology. With the acquisition of the Torgelow iron foundry, the Group is expanding its product portfolio and is significantly reinforcing its position as a supplier to the offshore wind power industry.
Advisor to Silbitz Group GmbH:
Tilman Siebert (Competition/Antitrust)