German Client OKE Group Acquires Plastics Manufacturer for Automotive Industry

July 24, 2024 | Client Results



This article is also available in German.

Jackson Walker represented Germany-based OKE Group GmbH and its United States subsidiary, OKE USA Holding, Inc., in the acquisition of Polymerica Limited Company d/b/a Global Enterprises. With this acquisition, OKE has secured a footprint in North America and more capacities in eastern Europe.

Based in Detroit, Michigan, Global Enterprises operates facilities in El Paso, Texas; Ploiesti, Romania; and Juarez, Mexico, where the company manufactures extruded, die-cut, and formed automotive interior parts sold directly to automotive manufacturers throughout North America and Europe.

In its announcement regarding the acquisition, OKE Group stated: “A team consisting of OKE employees and the new colleagues takes care of good integration at all levels. In this way, we will further strengthen our market position and win new customers.”

The Jackson Walker team was led by Kevin Jones (Corporate & Securities) and Manny Schoenhuber (International) and included Carlos Treviño (Corporate & Securities, Mexico counsel), Nathan Smithson (Tax), David Schlottman (Labor & Employment), Greta Cowart (Employee Benefits & Executive Compensation), Dawn Holiday (Labor & Employment), Sang Shin (Business Immigration & Compliance), Mark McMullen (Corporate & Securities), Paisley Park (Corporate & Securities), Yenmi Tang (Business Immigration & Compliance), and Holly Hughes (Business Immigration & Compliance).

“I am very excited about the fantastic result our attorneys have accomplished for our German client,” Manny Schoenhuber stated. “This was a true team effort and shows the fantastic capabilities we have as a full-service firm across borders and different practice areas. We are proud and honored to have assisted OKE Group in this endeavor.”

“This complex transaction involved the acquisition of assets across the United States, Mexico, and Europe, showcasing our firm’s strength in navigating the legal and regulatory environments of these jurisdictions,” said Kevin Jones. “Our team’s seamless collaboration on corporate, employment, and international issues ensured a successful outcome for OKE Group.”

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Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. With more than 500 attorneys across six offices, we are the largest Texas firm and have been recognized in the prestigious Chambers USA Guide for Corporate/M&A in Texas for providing counsel on highly complex transactions ranging from millions to billions. Our attorneys have represented foreign and U.S. clients in a wide array of industries in structuring, negotiating, and documenting business transactions and arrangements around the world, with international transactional experience in more than 85 jurisdictions. Jackson Walker also has an established network of correspondent law firms and is a founding member of Globalaw™, a network of independent law firms located in 76 countries. To explore the Firm’s experience in complex international transactions, visit the Corporate & Securities and International practice pages.