Wuersch & Gering Represents ARC Group Worldwide, Inc. in its Business Combination with RM2 International S.A.
Wuersch & Gering represented ARC Group Worldwide, Inc. (“ARC”) in its reverse acquisition business combination with RM2 International S.A. (“RM2”) which closed on February 1, 2022.RM2, a Luxembourg corporation, is the owner and operator of the BLOCKPal, a technologically advanced, hygienic, ESG friendly, composite pallet that is leased to a Tier 1 customer base. RM2 provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) IoT technology for pallet traceability, delivering real-time actionable insights and powerful data to improve the supply chain visibility to the manufacturing and distribution businesses it serves. RM2 launched the smart reusable pallet revolution by embedding autonomous IoT sensor technology in its pallets. The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance.Immediately preceding the combination with RM2, ARC sold all of its legacy businesses and assets to ARC Acquisition Corp. The RM2 business now constitutes the sole business of ARC.For more information, see:https://www.globenewswire.com/news-release/2022/02/03/2378055/0/en/ARC-Group-Worldwide-Inc-Announces-the-Closing-of-the-Business-Combination-With-RM2-International-S-A.html. Wuersch & Gering’s team included Travis L. Gering, Jake Brown, Janet Murtha, Erik Tikkanen, Samara Finckenauer and Tiffany Tsai (Corporate) and Berwin Cohen (Tax).