News

Hansol Paper Sells European Companies to Iconex

November 06, 2018

Seoul/Frankfurt – Paul Hastings LLP, a leading global law firm, announced today that it has advised Hansol Paper Co., Ltd., the largest paper manufacturer in Korea, on the sale of its European Schades and R+S group companies to U.S-based Iconex, a market leader in low-cost paper receipt and differentiated label solutions.

Schades, headquartered in Skive, Denmark, converts thermal paper for its customers, including receipt paper rolls for cash registers and self-adhesive labels. Headquartered in Sarstedt, Germany, R+S converts and markets thermal paper for receipts, coupon and ticket applications as well as labels.

Closing is expected to take place in the fourth quarter of this year.

The Paul Hastings team was led by Frankfurt partner

 and Seoul partner Daniel Sae-Chin Kim, with support in Frankfurt from corporate associates

Sebastian Klein

 and Sebastian Ens, tax advisor

Uwe Halbig

, and real estate associate

Jan Hueniken

; in London from employment partner

Suzanne Horne

 and corporate associate

Catherine Kennedy

; and in Paris from corporate partner 

Sébastien Crepy

 and associate

Ted Dimvula

, and employment partner

Stéphane Henry

 and associate

Alexandre Ruiz

.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.