FCN supports Zschimmer & Schwarz with the acquisition of Interpolymer Corporation

FCN Fan, Chan & Dr. Neumann Shanghai advises Zschimmer & Schwarz
on the Chinese Accounting & Tax aspects of its acquisition of Interpolymer Corporation and the restructuring of the Interpolymer Hong Kong entity and its tax impact in mainland china


FCN has advised Zschimmer & Schwarz Chemie GmbH (“Zschimmer & Schwarz”), a global supplier of high performance chemical specialties and auxiliaries headquartered in Lahnstein, Germany, on the Chinese and Hong Kong accounting & tax aspects of its acquisition of Interpolymer Corporation, U.S.A. (“Interpolymer”), a worldwide specialist and technology leader for tailor-made specialty polymers.

FCN acted as Zschimmer & Schwarz’ PRC financial counsel on the accounting & tax due diligence of Interpolymer’s Chinese group companies. In a later stage, FCN executed the new group structure on Hong Kong level as tax and corporate advisor.

The FCN team was led by Dr. Gerald Neumann, Ms Eileen Wu (both Shanghai) and Ms Vickie Fan (Fan Chan Hong Kong) and further included Ms Eloise Yao, Ms Lily Sun (both Shanghai) and Ms Denise Wong (Fan Chan Hong Kong).

A family-owned business founded in 1894, Zschimmer & Schwarz develops and produces chemical specialties and auxiliaries for the leather, fur, ceramic, textile and fiber industries as well as for cosmetics, cleaning applications and phosphonates. The Interpolymer acquisition expands the existing business portfolio with polymer-based solutions. With this acquisition, the Zschimmer & Schwarz group now comprises 28 companies worldwide, among which, 19 companies have their own production facilities.

FCN provides tax and audit advisory in China and currently counts 30 auditors, tax experts and accountants.