Baker Tilly advises global player Seaman Paper Company on acquisition of Julius Glatz GmbH
- 12/19/2024
- Reading time 3 Minutes
As part of the acquisition, Baker Tilly provided comprehensive legal, tax and commercial advice to the leading global paper and packaging specialist Seaman Paper.
Munich, December 19, 2024 – The international consulting firm Baker Tilly has advised Seaman Paper Company, a leading global, family-run specialty paper manufacturer with locations in the USA, Asia and Europe, on the acquisition of Julius Glatz GmbH. Through the acquisition, the two family-owned companies are combining their expertise in specialty papers and packaging to become a global market leader.
An interdisciplinary Baker Tilly team of 18 consultants, headed by Munich partner Stephan Zuber, supported the transaction. The lawyers, tax advisors, public accountants and business economists involved advised Seaman on legal, tax and financial due diligence, transaction structuring, process control, drafting the transaction documents and extensively supported the client during the contract negotiations. In addition, Baker Tilly and its financing team also provided comprehensive advice and support on the financing of the transaction.
The Baker Tilly Team around engagement partner attorney-at-law Stephan Zuber comprised attorney-at-law Daniela Stephan (Senior Manager), attorney-at-law Till Werner (Senior Manager), attorney-at-law Peter Reiß (Manager, all Corporate/M&A), attorney-at-law Sonja Dechansreiter (Senior Manager), attorney-at-law Verena Lehner (Manager, both Corporate/Real Estate), attorney-at-law PD Dr. Jens Thomas Füller (Senior Manager, IP/IT), attorney-at-law Gabriele Heise (Public Law), attorney-at-law Bernhard Gemmel (Partner), attorney-at-law Ceren Uzun (Director), attorney-at-law Sebastian A. Wolff (Director, all Financing), German CPA/tax advisor Frank Stahl, Felix Burghart (Senior Manager), Julian Mair (Manager, all Financial Due Diligence and Commercial Transaction Consulting), tax advisor Uwe Roth (Partner), tax advisor Stefan Lehner (Director), attorney-at-law Markus Cullefors (Manager) and tax advisor Melina Heindl (Manager, all Tax Due Diligence, Tax Structuring and Transaction Consulting).
The US part of the financing was advised by a ClarkHill team headed by partner Jeffrey J. Conn with additional attorneys Troy L. Cady and Hayley Johnson.
“We congratulate Seaman Paper Company on this strategically far-sighted acquisition,” says Stephan Zuber. “This transaction is also a highlight for us at the end of the year. The successful closing shows: With our interdisciplinary team, we are a reliable partner for global players and family businesses. We offer high-quality, comprehensive advice for both national and international transactions.”
As part of the acquisition, Seaman takes over Julius Glatz GmbH and its subsidiaries PaperTec GmbH and Glatz TransTec GmbH. With this step, Seaman Paper is further expanding its long-standing market presence in Germany, at the same time strengthening its technological know-how in the production and refinement of specialty papers, which are used worldwide as environmentally friendly alternatives to disposable plastics.
Glatz Group’s existing business areas and production sites will be retained and will be further developed and expanded in a targeted manner. For the approximately 240 employees, the takeover means seamless integration into the global Seaman Paper team.
The parties have agreed not to disclose any details of the takeover.
About Seaman Paper
Seaman Paper, an international family-owned company, operates production sites in the United States, Europe and Asia, including locations in Gardner, Massachusetts; Rastatt, Germany; and Dongguan, China. Seaman Paper serves a wide range of customers, including retail, food, e-commerce, fashion and cosmetics. The company produces high-quality, lightweight papers for packaging and special applications. With a strong focus on renewable resources and energy-efficient production processes, Seaman Paper offers innovative and sustainable packaging solutions.
