Berlin - SMP has advised the tobacco company Imperial Tobacco on the sale of its EFKA plant in Trossingen to the Dutch Mignot & De Block Group. The change of ownership enables the continuation of the plant and secures round about 80 jobs. The EFKA brand, associated patents and trademark rights are not part of the sale. They remain the property of Imperial Tobacco. It was agreed not to disclose further details of the transaction. Comprehensive legal advice was provided to Imperial Tobacco by a team led by SMP partner Tim Schlösser.
Imperial Tobacco is part of Imperial Brands PLC, the fourth largest tobacco company in the world. The subsidiaries belonging to Imperial Tobacco, including Reemtsma Cigarettenfabriken GmbH in Germany, Altadis in Spain and Seita in France, produce and distribute a broad portfolio of classic tobacco products such as cigarettes, fine-cut tobaccos and cigars, smoking accessories such as cigarette paper and tubes, and smokeless products. In addition to Germany, Spain and France, Imperial Tobacco's business includes Great Britain, the Benelux countries, Poland, Russia, Ukraine and Australia.
SMP is a law firm which is active in the core fields of Tax, Funds, Transactions, Corporate and Litigation. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.