Gómez-Acebo & Pombo has advised Eurenco, a French explosives manufacturing company, on the acquisition of Manuco from the Spanish company Maxam
The Eurenco Group, one European leader in the field of propellants and explosives and world leader in fuel additives, has announced the acquisition of the entirety of Manuco and the signing of a five-year supply contract with the Maxam Group.
Manuco develops, manufactures and supplies energetic nitrocellulose for the defence and civilian industries (mainly hunting powders). With more than 50 references in all product qualities and a high production capacity, Manuco provides global service and technical support to customers in more than 20 countries worldwide. It employs 76 people and has sales of €17 million.
Manuco is active in the production of energetic nitrocellulose with both high and low nitrogen content. It also provides global service and technical support to customers in more than 20 countries around the world.
The GA_P´s team was formed by David González (pictured centre) and Clara Rivero (pictured bottom left), partner and associate in the Corporate and Commercial practice respectively, and Inés Vázquez (pictured top left), Luis López Alonso (pictured top right) and Sofía Vicente (pictured bottom right), partner and associate in the Litigation and Arbitration practice respectively. Jeantet, a French law firm, also advised Eurenco on this deal.