On July 8, 2008, Klöckner & Co concluded the sale of its Canadian subsidiary Namasco Ltd. to Samuel, Son & Co. Ltd. The sale had been approved by Canadian antitrust officials. Namasco Ltd. processes flat-rolled metal products for the North American automotive industry. The core business of the Klöckner & Co Group does not include activities of this nature with automotive related customers but rather the storage and distribution of steel and non-ferrous metals. Fasken Martineau advised Klöckner and Namasco in this sale with a team led by Scott Conover and that included, among others, Doug New and Mark Magro (competition and Investment Canada), Ron Nobrega (tax), Rick Johnston (pensions) and Alix Herber (employment).
Client Work
Klöckner sells Canadian subsidiary Namasco to Samuel, Son & Co.
Fasken
Reading Time
1 minute read
Overview
Overview
Team
Team
- Scott Conover, Partner, Toronto, ON, +1 416 865 4548, sconover@fasken.com
- Douglas C. New, Partner, Toronto, ON, +1 416 865 4414, dnew@fasken.com
- Ronald Nobrega, Partner, Toronto, ON, +1 416 865 4399, rnobrega@fasken.com
- Richard E. Johnston, Partner | KNOWLEDGE AND PRACTICE INNOVATION, Toronto, ON, +1 416 868 3416, rjohnston@fasken.com
- Alix P. Herber, Partner, Toronto, ON, +1 416 868 3367, aherber@fasken.com
