KPMG Law advised Finnfoam Group (Salo/Finland) on the acquisition of the business unit “Phonotherm” from BOSIG Baukunststoffe GmbH via the newly founded Warmotech GmbH as a German subsidiary of the Lithuanian group company Warmotech UAB.
Finnfoam Group, a leading manufacturer of plastics-based thermal insulation solutions, has successfully acquired the “Phonotherm” business of BOSIG Baukunststoffe GmbH in Elsterwerda, Germany. The acquisition of the “Phonotherm” product line, an insulating construction material and the primary product of BOSIG Baukunststoffe GmbH, involved in particular the takeover of more than 70 employees, the material assets and a long-term rental agreement concerning the production facilities.
The transaction was conducted following the initiation of self-administration insolvency proceedings for the assets of BOSIG Baukunststoffe GmbH, after a corresponding application had been filed by the company in mid-March 2025.
KPMG Law provided comprehensive legal advice to Finnfoam Group and Warmotech UAB regarding all aspects of the acquisition, which was completed on July 1, 2025.
The KPMG Law team, led by Munich partner Dr. Ian Maywald and insolvency law expert Gunars Urdzeincluded the following advisors: Dr. Michaela Lenk and Philipp Augenstein (both Corporate | M&A), Dr. Martin Trayer and Franciska Kieft (both Labor Law), Dr. Simon Meyer, Dr. Florian Gonsior, and Sandro Köpper (all Environmental Law), and Human Aghel (Real Estate).
KPMG Law
© 2026 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.
KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.
