On November 30, 2006, ThyssenKrupp Budd Company, a wholly-owned subsidiary of ThyssenKrupp AG, completed the sale of its North American automotive body and chassis operations to Martinrea International Inc. The purchase price for the transaction was approximately US$275 million. The operations sold over 13 plants throughout North America, with over 3,500 employees as well as a technical centre in Michigan. Fasken Martineau provided advice to Martinrea International in Canada with a team that included Rick Johnston, Peggy McCallum, Ross Gascho and Tyrone Medley (pensions and benefits), and Huy Do (competition).
Client Work
Martinrea International purchases North American body and chassis operations from ThyssenKrupp Budd Company for US$275 million
Fasken
Reading Time
1 minute read
Overview
Overview
Team
Team
- Richard E. Johnston, Partner | KNOWLEDGE AND PRACTICE INNOVATION, Toronto, ON, +1 416 868 3416, rjohnston@fasken.com
- Ross A. Gascho, Partner | Leader, Pensions and Benefits, Toronto, ON, +1 416 865 5447, rgascho@fasken.com
- Huy Do, Partner | CO-LEADER, COMPETITION, MARKETING & FOREIGN INVESTMENT | LEADER, SOUTHEAST ASIA GROUP, Toronto, ON, +1 416 868 3505, hdo@fasken.com
