REYL Intesa Sanpaolo advises Swiss Panolin Group on the sale of its core business to Shell
Geneva – REYL Corporate Finance (REYL CF), the investment banking arm of REYL Intesa Sanpaolo (REYL), is leading PANOLIN Group as sole financial advisor on the sale of its Environmentally Considerate Lubricants (ECL) business to Shell Lubricants.
PANOLIN, based in Madetswil (Switzerland), is a leading international supplier of lubricants and has been a pioneer in the field of environmentally friendly high-performance lubricants (ECL) since 1983. The PANOLIN Group is an independent company that has been owned and managed by the Lämmle family since 1949.
ECLs are natural biodegradable lubricants that contribute to a sustainable future by providing greater protection to wildlife and ecosystems when in contact with the environment compared to lubricants. Shell, the leading international energy giant, intends to fully integrate the business into its global lubricants business within two years of completion. This is in line with Shell’s Powering Progress concept, which aims to accelerate the transition to net-zero consumption by 2050.
With a proven track record of global ECL manufacturing, the deal will complement Shell’s current product offering and position the company to be a player in the global ECLs market, which is expected to grow significantly in the years to come.
REYL Intesa Sanpaolo is PANOLIN’s sole financial advisor, leading through all phases of the transaction, which was successfully completed on December 14, 2022.
Xavier Ledru, Head of REYL Corporate Finance, says: «We are proud to have supported PANOLIN as a leading company in the field of environmentally friendly lubricants throughout the entire sales process to Shell. This transaction is another milestone in REYL’s corporate finance business. It is another example of the seamless collaboration with our Zurich company as part of a 360° approach to the establishment of entrepreneurial owners.»
Chris Bauer, head of REYL’s Zurich office, commented: «This transaction reflects REYL’s expertise in providing tailored advice on complex corporate finance transactions both in Switzerland and internationally. This is REYL’s first M&A transaction in German-speaking Switzerland.»
Patrick Lämmle, Member of the Board of Directors of PANOLIN Holding AG, says: «Our technology has already started to change the status quo in lubricant production. Shell is the perfect partner to realize PANOLIN’s vision in the years to come as contributing to the apparent Net Zero continues to rise on the business leader’s agenda.” (REYL/mc)