MJ Maillis, the company known for industrial packaging solutions and complete end of line solutions, sold its production facility located on the Bucuresti – Târgoviște road to the plastics manufacturer Prodplast SA in a transaction of over 1.5 million EUR.

Prodplast SA has more than 50 years of experience in the plastics processing field, being one of the leading romanian production facilities in the sector. The first plastics processing plant was established in 1957. The company has 100 % private capital, being quoted at Bucharest Stock Exchange. The seller was assisted in this transaction by law firm Peli Filip.

The assistance included organizing the due diligence analysis on the vendor side, independent due diligence investigations, negotiations and assisting with all other transactional aspects. PeliFilip lawyers also assisted in relation to the release of the English law governed security package set-up over the property, in the context of the new financing contracted by the buyer and new set of mortgages put in place.

“MJ Maillis is an important client for PeliFilip, with whom we have a very good a long lasting collaboration. Thus, the decision to become their partner in this transaction came in naturally, due to both the projects that we have been developing together in the past 5 years and to the fact that we have one of the strongest real estate practice areas in Romania. We take this opportunity to thank them for their trust,” said Ioan Dumitrașcu, Partner PeliFilip.

The PeliFilip team was coordinated by Ioan Dumitrașcu, Partner. Other key individuals were Mihaela Ispas, Senior Associate, Ioana Roman, Senior Associate, Mirona Apostu, Senior Associate, Dragoș Ungureanu, Associate, Lavinia Ghencea, Associate, Anca Mitocaru, Associate, and Roxana Diaconu, Associate.