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SNP Advises Outlast on Sale to the Chinese Sunwin Group
The commercial law firm SNP Schlawien advised the shareholders of Outlast Technologies GmbH on the sale of Outlast Technologies GmbH to Shanghai Sunwin Industry Group Co., Ltd. The team led by SNP partners Dr Philipp Schlawien and Dr Armin Fary was particularly involved in drafting and negotiating the contract, as well as managing, implementing and supporting the due diligence process. The parties have agreed not to disclose the purchase price of the transaction.
Outlast is a leading expert in textile temperature regulation and insulation and is internationally recognized for its innovative solutions. The Outlast® thermoregulation technology was originally developed by NASA. The Chinese Sunwin Group specializes in home textiles design. Both companies have a long-standing partnership. With the acquisition of Outlast, Sunwin intends to expand the core competences in research, development and application of new materials as well as creative product design.
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SNP Advises Outlast on Sale to the Chinese Sunwin Group
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