Noerr advises Firmenich on takeover of Evonik’s CO2 extraction technology business

Noerr has advised the Swiss Firmenich Group on a strategic transaction in Germany. Through one of its subsidiaries, Firmenich has acquired Evonik Industries AG’s CO2 extraction business, located in Trostberg, southern Germany. Firmenich is the world’s largest privately owned flavour and fragrance company, generating 3.9 billion Swiss francs in its last financial year.

Firmenich intends to use Evonik’s CO2 business to enhance its ability to address customers’ growing demand for authentic, natural taste and scent experiences. CO2 extraction is the safest, cleanest and highest-quality method of extracting natural botanical molecules, from flowers and nuts to coffee and tea.

Advisors to Firmenich SA: Noerr LLP

Dr Gerald Reger, Dr Georg Langheld (both lead, Capital Markets, Munich), Yvonne Dietzel (Employment, Dresden), Dr Elmar Bindl, Georg Edelmann, Dr Carsten Heinz (all Tax, Munich), Dr Martin Geipel (Energy, Berlin), Helge Heinrich (Antitrust & Competition, Munich), Dr Christoph Hons (Real Estate, Frankfurt), Dr Ralph Nack (Intellectual Property), Dr Michael Reiling (Regulatory, both Munich), Dr Bärbel Sachs (Foreign Trade, Berlin)

Associates: Dr Cathrin Falkner (Employment), Severin Garreis (Tax), Felix Link (Capital Markets, all Munich), Dr Johannes Schäffer (Foreign Trade, Berlin), Sebastian Dienst (Data Protection), Mandy Rüchardt (Corporate/M&A, both Munich), Hendrik Schlutt (Regulatory, Dresden), Frithjof Terberger, Franziska Zahoransky (both Real Estate, Frankfurt)