News & Awards
13th May 2025

Clifford Chance Prague Association advises CSG on financing of the acquisition of International Flavors & Fragrances Inc.’s nitrocellulose business based in Germany

Clifford Chance Prague Association has advised CZECHOSLOVAK GROUP (CSG) on the financing of the acquisition of International Flavors & Fragrances Inc.’s nitrocellulose business, including its associated production plant and operations located at the Walsrode Industrial Park in Lower Saxony, Germany.

Our team supported CSG across all aspects of the financing and this transaction marks yet another successful collaboration between CSG and Clifford Chance. We have recently advised on both M&A and related acquisition financing of The Kinetic Group, as well as on the financing of the acquisition of a remaining 30% stake in Fiocchi Munizioni.

International Flavors & Fragrances Inc. (IFF) is a global leader in flavors, fragrances, food ingredients, health and biosciences. IFF's nitrocellulose operations in Germany are centered at the Walsrode Industrial Park, a 1.7-square-kilometer site with a long-standing reputation in the chemical industry. Under IFF, the facility produced nitrocellulose primarily for industrial applications, including coatings and printing inks.

The global industrial-technological group of companies CSG is owned by Czech entrepreneur Michal Strnad. It supplies technologies worldwide that contribute to a safer and more stable future. CSG focuses on the development and production of strategically important products, systems, and technologies in the fields of defence, aerospace, automotive, and other industries. With key manufacturing facilities in the Czech Republic, Slovakia, Spain, Italy, India, the United Kingdom, and the USA, CSG exports its products worldwide.

The Clifford Chance team was led by counsel Dominik Vojta and senior associate Hana Čekalová. The team also included junior lawyers Ondřej Šteco and Radek Sikora, with overall supervision provided by managing partner Miloš Felgr, and support from teams across the Clifford Chance’s New York, London, and Frankfurt offices.

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