Polcolorit is the oldest private firm producing ceramic tiles in Poland.
Its production plant is one of the most modern both in Poland and in Europe as regards design and technological solutions. For many years now, Polcolorit has been listed on the Warsaw Stock Exchange.
The American group Mohawk is a leading global producer and distributor of high quality floors, including ceramic tiles. Mohawk, with its seat in Calhoun, Georgia, USA, is a company listed on the New York Stock Exchange (NYSE), and can be found on the prestigious list of the largest corporations – the Fortune 500. Mohawk employs over 34,000 workers worldwide.
As part of a public invitation to subscribe for the sale of up to 100% of the shares in Polcolorit Mohawk intends to acquire, through its subsidiary Unilin Poland sp. z o.o., all the shares in Polcolorit.
SK&S advised Mohawk in all aspects of the transaction, including with regard to the regulatory duties related to preparing and announcing an invitation, as well as in the negotiations of the investment agreement with the majority shareholders of the company – the Marconi family.
In relation to this transaction, Mohawk was assisted by a team of SK&S’ attorneys, headed by counselor Krzysztof Pawlisz, the partner in charge of the firm’s capital markets practice, and further composed of Andrzej Motyka (senior associate), Agnieszka Skowronek (associate), Witold Kurek (senior counsel), Dr Łukasz Wyszomirski (associate), and Anna Bartosiewicz (junior associate). Piotr Andrzejak, a partner in the firm’s tax department, was responsible for tax issues, while antimonopoly issues were handled by Krzysztof Kanton, partner in charge of antimonopoly law practice, and Grzegorz Koguciuk (associate).