Sto Group acquires Unitex
Hall & Wilcox advised Sto Group on the acquisition of Unitex.
Firm: Hall & Wilcox (Sto Group)
Deal: Hall & Wilcox have advised Sto Group on the acquisition of Unitex, a distributor and manufacturer of building products for residential and commercial architecture.
Key players: The team was led by head of international Oliver Jankowsky. He was assisted by partner Deborah Chew and lawyers Alicia Haesslein, David Holland and James Fisher.
Deal significance: Sto Group is a major international manufacturer with an annual turnover of €1.2 billion and a “large international presence”. Before this acquisition, it had not entered the Australian market.
Mr Jankowsky said: “We are delighted to assist Sto Group with its acquisition of Unitex and ongoing international expansion.”
“Assisting a client such as Sto shows the strength of Hall & Wilcox’s international presence and our ability to work seamlessly with overseas clients and foreign counsel to achieve our client’s strategic goals.”