Rödl & Partner advises Todaytec on the acquisition of the CALOR Group

​​​​​Stuttgart​, 26 March 2025: Rödl & Partner advised Hangzhou Todaytec Digital Co., Ltd. (“Todaytec”) on the acquisition of the Franco-German CALOR Group. Todaytec is one of the world's leading coaters for thermal transfer films. The companies of the CALOR Group, Calor Gesellschaft für Thermo­​trans​­​-fer­​-Druckverfahren mbH based in Baesweiler (“CALOR”) and REGMA Transfer Thermique SAS based in Arques-la-Bataille, France (“REGMA”), are manufacturers, coaters and suppliers of thermal transfer ribbons. Both companies enjoy a high level of recognition and have extensive expertise in coating technology.

  

The acquisition is an important step in Todaytec's international expansion. Through this acquisition, Todaytec strengthens its presence in Europe and increases its competitiveness in the market.

Rödl & Partner advised Todaytec comprehensively on legal, tax and financial aspects with an inter­​-national expert team. Jiawei Wang, head of the Rödl & Partner China Desk, took over the overall project management and led the negotiations on the buyer's side. Claudia Geercken led the legal advisory, which included due diligence, transaction documentation and regulatory approvals. Dr. Melanie Köstler was responsible for tax advice, including tax due diligence and structuring. Laurence Cuillier led the French team and supported the client in all phases of the transaction, in particular on contractual, IP/IT and employment law matters. Christoph Hinz and Alexander Awan took care of the financial aspects, including the financial due diligence.

Hangzhou Todaytec Digital Co, Ltd, founded in 2002, specialises in the research, development and production of thermal transfer ribbons. The company has been listed on the Shenzhen Stock Ex­​-change since 2018. Todaytec has production facilities in China and Mexico as well as subsidiaries in several countries, including the USA, the UK and India.

The Franco-German group of companies CALOR and REGMA, founded in 1986, specialises in the development, production and sale of thermal transfer ribbons. REGMA in Normandy coats thermal transfer ribbons for special applications in label and ticket printing. CALOR in Baesweiler has been a specialised supplier of thermal transfer ribbons since 1991 and works closely with leading coaters worldwide.

China Desk 

Jiawei Wang LL.M., Partner, Stuttgart – Project Lead

Daojie Wang, Manager, Shanghai

Financial

Alexander Awan, Partner, Cologne

Christoph Hinz, Partner, Stuttgart 

Patrick Ulrich, Associate Partner, Cologne

Legal

Thomas Fräbel, Partner, Munich

Claudia Geercken, Associate Partner, Munich 

Moritz Sippel, Manager, Munich

Tax

Florian Kaiser, Partner, Nuremberg

Dr. Melanie Köstler, Associate Partner, Nuremberg

Sophie Dinkelmeyer, Manager, Nuremberg 

Legal 

Laurence Cuillier, Partner, Strasbourg

Julia Planty, Partner, Paris

Frédéric Bourguet, Associate Partner, Paris

Justine Pfeiffer, Manager, Strasbourg

Sophie Reale, Manager, Strasbourg

Tax

Caroline Steinert, Associate Partner, Paris