Dorda, working alongside Norton Rose Fulbright, has advised Evergreen Hill Enterprise on its acquisition of the TANN Group from Mayr-Melnhof Karton with an agreed enterprise value of EUR 360 million. Binder Groesswang reportedly advised Mayr-Melnhof Karton.
Singapore-based Evergreen Hill Enterprise is part of an Indonesian privately held conglomerate active in banking, tobacco, consumer electronics, and other industries.
The TANN Group, which operates seven production sites across Austria, China, the Philippines, Turkey, Canada, and Germany, specializes in printing and finishing fine paper used to produce tipping paper. With approximately 730 employees, TANN Group generates annual sales of about EUR 220 million.
The Dorda team included Partner Christian Ritschka and Principal Associate Ulrich Weinstich.
