Morgan Lewis has advised Kemira Oyj in its acquisition of SIDRA Wasserchemie for approximately €75 million, which is about $88.95 million. The deal is subject to standard purchase price adjustments.
Kemira provides chemical solutions designed for industries that use large amounts of water. Its products and services are aimed at improving product quality, processes, and resource efficiency for a variety of customers. SIDRA Wasserchemie, the company being acquired, is a family-owned producer of coagulants with two production sites in Germany. It supplies customers in Germany, Belgium, and the Netherlands.
The legal team from Morgan Lewis working on this transaction included partners Dr. Ulrich Korth, Dr. Jann Jetter, Dr. Philipp Schäuble, and Dr. Michael Masling; of counsel Judith Becker; and associates Sarah-Loreen Krüger, Leon Gabriel Rady, Marianne Milovanov, Emma Dragomirova, Constanze Pfaller, Michelle Christina Lippenmeyer, and Leonhard Seifert.
Kemira has also recently completed another acquisition with advice from Morgan Lewis: the $150 million purchase of Water Engineering Inc.
Further details can be found in Kemira’s announcement.