Well packed: Luther advises Buy & Build expert CGS on the acquisition of A+F Automation + Fördertechnik

A fund of the Swiss buy & build expert CGS Management AG has acquired the packaging machine manufacturer A + F Automation + Fördertechnik GmbH (A+F) from mutares AG. The buyer was advised by law firm Luther on the transaction.

CGS is a traditional industrial investor from Pfäffikon, Switzerland, which pursues a sustainable buy & build approach and invests in medium-sized companies in the DACH region. In this transaction, CGS prevailed over other investors in the course of a bidding process, partly due to very fast and effective negotiations.

A+F, based in Kirchlengern (Westphalia), has been a leading manufacturer of packaging machines and systems for the dairy, food and beverage industries for more than 40 years. The Munich-based subsidiary mutares AG acquired A+F from the German Oystar Group in November 2014 and restructured it by means of a successful reorganization. With 160 employees, the company currently generates profitable sales of around EUR 28 million.

For CGS Management AG

Luther, Mergers & Acquisitions: Dr. Andreas Kloyer, Dr. Christian Rodorff, LL.M. (both Lead Partners, Munich), Dr. Christian Horn, LL.M. (Partner, Berlin)

Luther, Kartellrecht: Dr. Helmut Janssen, LL.M. (Partner, Dusseldorf/ Brussels)

Luther, Bank- und Kapitalmarktrecht: Christoph Schauenburg, LL.M. (Partner, Frankfurt am Main)

Luther, Gewerblicher Rechtsschutz: Dr. Detlef Mäder (Partner, Cologne)

Luther, Arbeitsrecht: Hans-Christian Ackermann (Partner, Dusseldorf)

Luther, Immobilienrecht: Katharina von Hermanni (Partner, Munich)

Luther, Steuerrecht: Nicole Fröhlich (Partnerin, Frankfurt am Main)

Luther, Handels- und Vertriebsrecht: Dr. Steffen Gaber, LL.M. (Partner, Stuttgart)