Musat & Asociatii advised ADESGO on the sale of its business related to the manufacturing, marketing and selling seamless apparel

Musat & Asociatii advised Adesgo SA, the biggest producer of seamless underclothing in Romania in connection with the sale of its business related to the manufacturing, marketing and selling seamless apparel to Tefron Europe, part of an Israeli group, developer and manufacturer of seamless product, recently entered to the Romanian market. The transaction was signed in March and is expected to be closed mid this year.

“It’s been almost 100 years since the mother company Rotex was established and I am proud that the dedication of the people resulted in the company’s growth throughout the years.  Due to a number of reasons, time has now come to move on, but I am satisfied that our agreement with Tefron ensures continuity to great loyal workers of Adesgo and Rotex, as well to some of our major very loyal clients. Adesgo will still be active on local Romanian market with its growing Diamond brand for selling leg wear and pantyhose for leading customer accounts as well as distributors.

From a legal and business perspective, we’ve come a long way since, several years ago, Adesgo took the decision to sell its factory and transfer part of its business. I would really like to thank Musat team for always being there when needed and for such a professional and business-oriented legal advice. Thanks to their tireless efforts, attention to detail, and impeccable legal skills, the entire process went smoothly and efficiently. I appreciate their commitment to keeping me informed every step of the way, while their guidance and professionalism were invaluable throughout the entire transaction” declared Raanan Sobel, Sole Administrator of Adesgo.  

“We are congratulating the parties involved for successfully signing this transaction! Everybody’s hard work and involvement were instrumental in ensuring a smooth and efficient outcome. Our business relationship with Adesgo goes back many years in the past and our reciprocal trust and cooperation played a pivotal role in getting this over the finish line. We appreciate the opportunity to work towards achieving the best possible outcome and we are confident that this successful transaction sets a positive precedent for future business dealings and strengthens our mutual confidence”, declared Monia Dobrescu, Partner Musat & Asociatii.

Musat & Asociatii team was coordinated by Partner Monia Dobrescu and Managing Associate Madalina Trifan. Experienced lawyers like Managing Associate Alina Man, Managing Associate Simona Anton and Senior Associate Cristian Cepesi were part of the legal team.