With the sale of the remaining production and packaging business of surgical gloves, Semperit has now finalised the sale of its entire medical business to Harps Global. Binder Grösswang advised Semperit on this transaction. Previously, Binder Grösswang had already advised Semperit on the sale of the majority of its medical business to Harps Global as well as on the acquisition of RICO Group, a leading supplier of silicone injection moulding tools and producer of liquid silicone components.

The now completed exit from the glove business allows Semperit to focus entirely on implementing its growth strategy as a leading specialist for elastomer products for industrial applications.

The closing took place on 30 June 2024. The sale price (cash and debt free) amounts to EUR 7 m and includes the contract manufacturing for surgical gloves in Wimpassing and the 100% participation in the Hungarian Sempermed Kft. with its packaging site in Sopron, Hungary.

The Binder Grösswang team was led by partner Florian Khol, senior associate Christoph Schober and associate Sung-Hyek Hong (Corporate/M&A). Other members of the advisory team were partner Johannes Barbist, partner Regina Kröll and associate Armin Nimmrichter (Regulatory), partner Angelika Pallwein-Prettner (Employment Law), partner Christine Dietz, senior associate Christoph Raab (Competition Law), partner Christian Wimpissinger, partner Clemens Willvonseder, associate Lisa Salbrechter, associate Manuela Wenger (Tax Law), senior associate David Rötzer, associate Philipp Schermer (Banking & Finance), counsel Hellmut Buchroithner (Intellectual Property and Information Technology) and partner Markus Uitz (Real Estate).

Publicly listed Semperit AG Holding is an international group developing, producing and selling high-quality elastomer products and applications for industrial customers in over 100 countries worldwide through its two divisions Semperit Industrial Applications and Semperit Engineered Applications. With its highly efficient production and cost leadership, the Semperit Industrial Applications division focusses on industrial applications in connection with large-scale production, including hydraulic and industrial hoses as well as profiles. The Semperit Engineered Applications division comprises the production of escalator handrails, conveyor belts, cable car rings, other engineered elastomer products, as well as the Rico Group, and focuses on customized technical solutions. The traditional Austrian company has been founded in 1824 and is headquartered in Vienna. The Semperit Group employs around 4,300 people worldwide and has 16 production sites and numerous sales offices in Europe, Asia, Australia and America. In the 2023 financial year, the Group generated revenue of EUR 721.1 m and EBITDA of EUR 71.8 m.