SAXINGER Advises on Sale of Polytec EMC to Italian Cannon Group

SAXINGER successfully supported PUR Holding in the sale of a 75.01% majority stake in Polytec EMC to the Italian Cannon Group. This transaction marks a significant step in the growth strategy of the Cannon Group while ensuring the long-term success of the Marchtrenk site.

Polytec EMC is a highly specialized company focused on systems for the production of hot-cast compact elastomers. These products are utilized in industries such as steel, construction, agriculture, and mechanical engineering. With a team of 25 employees, Polytec EMC develops, manufactures, and distributes technical solutions that meet high demand across these sectors.

By acquiring a 75.01% stake through Cannon Afros, a company within the Cannon Group founded in 1960, an international player has entered the company, poised to enhance Polytec EMC’s potential through its global reach and broad product portfolio. The remaining 24.99% of the shares will remain with PUR Holding, whose shareholders include Stinshoff Holding, Invest AG (Raiffeisen), Wiener RSAG Industriebeteiligungen, and Ulrike Huemer. With this acquisition, Cannon aims to strengthen its market leadership in elastomer machinery and expand its product portfolio. Polytec EMC will benefit from Cannon Group's expertise and global network, while the Austrian site will continue to grow as a leader in innovation within elastomer technologies.

SAXINGER played a pivotal role in the transaction, providing comprehensive legal support to PUR Holding throughout the sales process. The leading team at SAXINGER included partners Gerald Schmidsberger, Bernhard Gonaus, and Christina Hummer, as well as associate Laura Mair. The buyer was legally advised by LCA Studio Legale in Milan, led by Alberto Volpano, and Taylor Wessing in Vienna, led by Allan Hahn.