Chinese listed company Zhejiang Haers Vacuum Containers Co. Ltd. acquires Swiss drinking bottle manufacturer SIGG Switzerland AG in Frauenfeld
05 February 2016
FRORIEP advised Chinese listed company Zhejiang Haers Vacuum Containers Co. Ltd. with regard to the purchase of the business of traditional Swiss drinking bottle manufacturer SIGG Switzerland AG in Frauenfeld via the establishment of a special purpose vehicle for CHF 16,1 million. FRORIEP carried out the legal due diligence review and acted as Swiss transaction counsel to Zhejiang Haers Vacuum Containers Co. Ltd. The transaction documents were signed on 3 February 2016 and the closing is intended to take place as soon as all closing conditions set out in the transaction documents have been met. FRORIEP's team included the head of practice group M&A and partner Dr Beat M. Barthold, partner Pascal Richard and associates Benjamin Dürig and Dr Irène Schilter (all Corporate/M&A) as well as several partners from other practice groups, namely Nicola Benz (intellectual property), Dr Tobias F. Rohner (tax) and Boris Wenger (anti-trust), and their teams.