DLA Piper advises ALBIS on establishing a joint venture in India

DLA Piper has advised ALBIS, a leading global distributor of engineering thermoplastics and thermoplastic elastomers, on establishing a joint venture in India with the Sukhesh Group, a Mumbai-based leading distributor of plastic raw materials. The joint venture, established under the name ALBIS Sukhesh India Pvt. Ltd will be based in Mumbai, and aims to achieve a leading position in the Indian distribution market for technical plastics.

The joint venture marks ALBIS's entry into the Indian market and represents a key pillar of the company’s global growth strategy. By combining ALBIS’s comprehensive product portfolio, technical sales expertise, and strong relationships with global polymer manufacturers with the Sukhesh Group’s nationwide logistics network and more than 30 years of experience in polymer distribution, the newly formed entity establishes a robust foundation for an efficient and effective market approach.

“The establishment of the joint venture in India was an important strategic step for us. DLA Piper not only provided us with excellent legal support, but once again proved itself to be a true partner – with a deep understanding of our goals and a very constructive approach to collaboration,” says Frieder Weidenbach, Senior Manager M&A at the Otto Krahn Group.

ALBIS is part of the Otto Krahn Group, headquartered in Hamburg, and is a leading provider in the engineering thermoplastics and elastomers sector. It has 500 employees and operates in over 25 locations worldwide. The company has a significant footprint in Europe and is growing its presence in EMEA and Asia-Pacific.

Founded in 1953, the Sukhesh Group is a family-run company. With more than 30 years in the plastics market, the company operates a nationwide logistics network with multiple warehouse locations and serves over 1,000 customers.

The cross-practice team from DLA Piper team from our Hamburg and Frankfurt office was led by Corporate partner Sebastian Decker and counsel Sophie von Mandelsloh, supported by associate Lea Reifers (all Corporate). The wider team also included partner Dr. Burkhard Führmeyer and associate Marisa Machacek (both IPT).

The Indian law firm Cyril Amarchand Mangaldas provided support on the Indian side of the transaction.