Krogerus advises Owens Corning in the acquisition of Paroc Group
Krogerus advised Owens Corning in its acquisition of Paroc Group, a manufacturer of stone wool insulation solutions, from CVC Capital Partners for an enterprise value of approximately EUR 900 million.
Paroc employs over 1,800 people in 13 countries and operates facilities in Finland, Lithuania, Poland, Russia, and Sweden.
The transaction, which is subject to regulatory approvals and other customary closing conditions, is anticipated to close in early 2018.
The Krogerus team was led by partners Mika Ståhlberg and Sami Martola. They were mainly assisted by senior associates Nikolas Sjöberg and Suvi Tervahartiala.
Partner Sami Laine led the advice on environmental matters, partner Carola Möller on employment matters and partner Antti Lehtimaja on Tax matters. Senior associates Kalle Hynönen and Sarita Schröder advised on IP matters.