German company acquires Australian building products maker with Hall & Wilcox's help

A German company has acquired an Australian maker of building products with the help of a national firm.

Hall & Wilcox advised Sto Group, which is acquiring Unitex. The company makes and distributes architectural products for residential and commercial applications.

Financial details of the deal were not disclosed. Sto Group makes an expansive range products and systems for building coatings. The company, which has an international presence, has an annual turnover of €1.2bn. The acquisition marks its entry into the Australian market.

Oliver Jankowsky, partner and head of Hall & Wilcox’s international group, headed the firm’s deal team. It advised Sto Group on all corporate aspects of the asset and share acquisition, including tax, property and employment advice.

Jankowsky said that the transaction showcases the strength of the firm’s international presence and its ability to work seamlessly with overseas clients and foreign counsel to achieve our client’s strategic goals.

The work has earned praise from the firm’s German counterpart. Dr. Hans-Joachim König of Schrade & Partner Rechtsanwälte PartmbB, the German counsel of Sto Group, said: “Mr Jankowsky and Hall & Wilcox provided excellent support.”