Paques Brasil Effluent Treatment System Buys a Majority Stake in Faxon Química Dutra Gestão Empresarial and fellow firms from Método Dutra advised Faxon Química on the sale of a majority of its shares to Paques Brasil Sistema para Tratamento de Efluentes, a subsidiary of the SKion Water group. KLA-Koury Lopes Advogados advised SKion Water. Faxon Química is a Brazilian firm that develops and produces chemicals for use in effluent and industrial water treatment. Its products are recognised nationally for their quality and excellence, offering alternatives in the field of water revitalisation. SKion Water, itself a subsidiary of German entrepreneur Susanne Klatten’s investment company SKion GmbH, provides reliable and efficient water and wastewater treatment solutions. Its services also include the development and implementation of innovative new water technologies. The acquisition will allow SKion Water to grow its portfolio of solutions and further expand its operations in Brazil and wider Latin America. ABOUT THE DEAL 78 LAWYERMONTHLYDECEMBER 2022
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