Orica sells European explosives business to SSE with Heuking Kühn Lüer Wojtek
Orica sells European explosives business to SSE with Heuking Kühn Lüer Wojtek A team led by Dr. Jörg aus der Fünten, partner at Heuking Kühn Lüer Wojtek’s Cologne office, advised Orica Europe Pty Ltd & Co. KG, headquartered in Troisdorf, and Orica Norway AS, headquartered in Lier, Norway, on the sale of its explosives business in Germany (including the production facility in Würgendorf), Poland, the Czech Republic, and Slovakia. The business was acquired by SSE Holding SA (SSE), the parent company of Société Suisse des Explosifs group. The transaction is scheduled to be closed in late September 2016.
The agreement between the two companies includes special product supply agreements. Orica will continue to purchase nitroglycerin from the Würgendorf SSE plant. In return, SSE will purchase various Orica-produced, non-electric, electric, and electronic detonators, packaged emulsion and emulsifiers.
Orica is a publicly listed Australian mining services supplier headquartered in Melbourne, Australia with sites in Asia, America, Africa, and Europe. It is the world's largest provider of commercial explosives and blasting systems for the mining industry. In addition, Orica produces chemicals such as sodium cyanide for gold extraction and ground stabilization products for the underground mining industry.
SSE Holding SA was founded over 120 years ago. The Swiss industrial group employs 350 people in seven countries and operates in the pyrotechnics and civil explosives fields. With the acquisitions of Orica’s explosives business, SSE will increase its sales by some 45 million euros and its workforce by around 180 new employees.
Counsel to Orica Europe Pty Ltd & Co. KG
Heuking Kühn Lüer Wojtek:
Dr. Jörg aus der Fünten (Project Lead, Corporate/ M&A),
Dr. Christoph Schork, LL.M. (Corporate/M&A), both Cologne
Dr. Marc Scheunemann, LL.M. (Tax), Düsseldorf
Dominik Eickemeier (Commercial Contracts, IP Law),
Prof. Dr. Martin Reufels (Labor Law), both Cologne
Dr. Markus Collisy (Environmental), Frankfurt
Dr. Tilman Spancken (Real Estate), Düsseldorf
Dr. Sebastian Stindt (Corporate/M&A), Köln