Hogan Lovells advises UNITANK on partnership with Pyrum
Led by Frankfurt partner Dr. Torsten Rosenboom, global law firm Hogan Lovells has advised UNITANK Holding GmbH & Co. KG on a joint venture with Pyrum Innovations AG for the construction and operation of up to ten end-of-life tire recycling plants in Europe.
The companies have signed a shareholders’ agreement to establish a joint venture that lays the foundation for the construction of five to ten state-of-the-art recycling plants for end-of-life tires in Europe over the coming years. Pyrum holds a 49% equity stake in the new joint venture, while the UNITANK Group holds 51%. The joint venture “UniPyrum,” headquartered in Hamburg, will have its own experienced management team to drive the rapid and targeted expansion of multiple production sites in Germany and across Europe.
Hogan Lovells provided UNITANK with comprehensive legal advice on all aspects of the transaction.
Hogan Lovells team for UNITANK Holding GmbH & Co. KG
Dr. Torsten Rosenboom (Partner), Dr. Mike Karl Schmidt (Senior Associate), Dr. Jonas Palme (Senior Associate, Munich), Leon Hofmann (Associate) (Corporate M&A, Frankfurt).
UNITANK Holding GmbH & Co. KG (Inhouse): Malte Lindner
