Andersen with Corex on Manipulados Suza acquisition
Andersen has advised Corex Converting Spain, the Spanish subsidiary of Corex Group, on its acquisition of Manipulados Suza, a Gipuzkoa-based company located in Alegia that manufactures cardboard cores. The transaction strengthens the group’s position in the European paper and cardboard products market.
Corex Converting Spain belongs to Corex Group, the cores, tubes and edge protectors division of industrial group VPK Group. VPK Group operates in the cardboard packaging sector and has approximately 6,400 employees across 70 plants in 20 European countries. Manipulados Suza has specialised in manufacturing cardboard cores and tubes since 1984.
Andersen advised on all legal aspects of the transaction and supported the client through the different phases of the acquisition process. The advisory work was led by Sharon Izaguirre, partner, head of Andersen’s Bilbao office and head of Corporate/M&A for the Northern Zone. She was supported by Alberto Castilla, senior associate in the Corporate/M&A department of the Bilbao office.
