McDermott Will & Emery has advised on the international $1.56bn (£1.07bn) sale of two divisions of German-based packaging producer Schmalbach-Lubeca, in one of the biggest deals the Chicago-based firm has worked on this year.
The deal, led by New York corporate partner Thomas Sauermilch, sees Schmalbach-Lubeca’s subsidiaries PET, a plastic container business, and White Cap sold to Australian packaging company Amcor. Schmalbach-Lubeca’s Continental Can Europe product group is excluded from the purchase.
