Matthews International Corporation’s $45 Million Acquisition of OLBRICH and R+S Automotive

Luther, WengerPlattner and PRK Partner advised Matthews International Corporation on the deal.

Matthews International Corporation acquired German based engineering firms, OLBRICH GmbH and R+S Automotive GmbH.

OLBRICH and R&S Automotive have combined annual revenues in excess of $100 million. Closing of the transaction is subject to certain regulatory authority approvals, which is expected in early July of 2022.

Headquartered in Bocholt, Germany, OLBRICH is a production and intelligent equipment manufacturer, specializing in purpose-built rotary processing equipment, including equipment used in the manufacturing of dry and wet electrodes for lithium-ion batteries and components for hydrogen fuel cells used in electric vehicles, with additional strong positions in Specialty & Pharma, Packaging and Home & Décor.

R+S Automotive, also headquartered in Bocholt, Germany, is a specialty engineering services provider of automation, plant and tooling concepts for automotive manufacturing companies around the world.

Matthews International Corporation (NASDAQ GSM: MATW)  is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment designs, manufactures, services and distributes high-tech custom energy storage, marking, coding and industrial automation technologies and solutions. 

OLBRICH GmbH was founded in 1949 and together with its brand Polytype Converting®, the machine builder has today become one of the world’s leading companies in the field of production machinery and equipment for the manufacture of web-shaped products. Battery foils, labels, release materials, sustainable paper and packaging materials as well as wallcoverings, floorcoverings, adhesive tapes and technical textiles are exemplary products manufactured on the lines.

R+S Automotive GmbH is one of the leading companies in the manufacturing of machines and tools for the production of interior and exterior components for the automotive industry, such as door panels, dashboards or rear shelves. R+S Automotive has a fully integrated value chain including engineering and production as well as a technical center on an area of 1,100 sqm as a guarantee for comprehensive technical services and customer-oriented development.

The agreement to acquire the Olbrich Group was signed for a purchase price of USD 45 million (around EUR 43 million).

The Luther team included Dr Thomas Kuhnle (Picture – Lead Partner), Dr Axel Mühl (Partner), Michael Ströbel, LL.M. (Senior Associate), Rares Holonec (Associate), Falco Rohrberg, LL.M. (Associate), Dominique Kurtz (Associate), Carsten Andreas Senze (Partner), Felix Hielscherm (Associate), Max Flad (Associate), Gunnar Müller-Henneberg (Partner), Salvatore Calcagno (Senior Associate), Dr Marco Arteaga (Partner), Lars Möller (Counsel), Sebastian Walthierer (Senior Associate), Dr. Sebastian Felix Janka, LL.M. (Partner), Tamara Hefner (Associate), Iris Glönkler (Counsel), Annkathrin Egerer-Tratt (Associate), Dr Steffen Gaber, LL.M. (Partner), Sandra Schüle-Bausch (Senior Associate), Robert Burkert (Associate), Christoph Schauenburg, LL.M. (Partner), Stefan Jokel (Senior Associate), Thomas Weidlich, LL.M. (Partner), Dr Yuan Shen (Counsel).

The WengerPlattner team included Dr Oliver Künzler (Lead Partner), Martina Braun (Counsel), Jean-Francois Mayoraz.

The PRK Partners team included Jan Kohout (Lead Partner), Shiyang Zhang (Senior Associate).

Involved fees earner: Marco Arteaga – Luther Rechtsanwaltsgesellschaft mbH; Robert Burkert – Luther Rechtsanwaltsgesellschaft mbH; Salvatore Calcagno – Luther Rechtsanwaltsgesellschaft mbH; Annkathrin Egerer-Tratt – Luther Rechtsanwaltsgesellschaft mbH; Max Flad – Luther Rechtsanwaltsgesellschaft mbH; Steffen Gaber – Luther Rechtsanwaltsgesellschaft mbH; Iris Glönkler – Luther Rechtsanwaltsgesellschaft mbH; Felix Hielscher – Luther Rechtsanwaltsgesellschaft mbH; Rares Holonec – Luther Rechtsanwaltsgesellschaft mbH; Sebastian Janka – Luther Rechtsanwaltsgesellschaft mbH; Stefan Jokel – Luther Rechtsanwaltsgesellschaft mbH; Thomas Kuhnle – Luther Rechtsanwaltsgesellschaft mbH; Dominique Kurtz – Luther Rechtsanwaltsgesellschaft mbH; Lars Christian Möller – Luther Rechtsanwaltsgesellschaft mbH; Axel Mühl – Luther Rechtsanwaltsgesellschaft mbH; Gunnar Müller-Henneberg – Luther Rechtsanwaltsgesellschaft mbH; Falco Rohrberg – Luther Rechtsanwaltsgesellschaft mbH; Christoph Schauenburg – Luther Rechtsanwaltsgesellschaft mbH; Sandra Schüle-Bausch – Luther Rechtsanwaltsgesellschaft mbH; Carsten Andreas Senze – Luther Rechtsanwaltsgesellschaft mbH; Yuan Shen – Luther Rechtsanwaltsgesellschaft mbH; Michael Ströbel – Luther Rechtsanwaltsgesellschaft mbH; Sebastian Walthierer – Luther Rechtsanwaltsgesellschaft mbH; Thomas Weidlich – Luther Rechtsanwaltsgesellschaft mbH; Jan Kohout – PRK Partners; Shiyang Zhang – PRK Partners; Martina Braun – Wenger Plattner; Oliver Künzler – Wenger Plattner; Jean-Francois Mayoraz – Wenger Plattner;

Law Firms: Luther Rechtsanwaltsgesellschaft mbH; PRK Partners; Wenger Plattner;

Clients: Matthews International;

Federica Tiefenthaler

Author: Federica Tiefenthaler