We acted as the legal advisor to Mitsubishi Materials Corporation (MMC) in its acquisition of Luvata’s Special Products division from funds managed by Nordic Capital. The transaction was signed on 28 September 2016 and closed on 2 May 2017. Castren & Snellman’s team is led by partner Jarno Tanhuanpää.
The agreement was concluded on the shared belief that the acquisition, along with synergies in business platforms and customer bases, will accelerate the global expansion of Mitsubishi Materials Corporation’s copper-processing business, expand its business portfolio and establish a highly profitable business structure.
Luvata is a world leader in metals solution manufacturing, heat-transfer technology and engineering and design services. With 38 manufacturing facilities in 18 countries, Luvata serves many diverse industries with a wide range of products. The group’s turnover in 2015 was EUR 1,570 million and it had 6,330 employees. The Special Products division has 14 plants and support offices in 9 countries across the Americas, Europe and Asia, supplying solutions for the automotive, energy, healthcare, science and manufacturing industries.
Mitsubishi Materials Corporation is a Japanese manufacturer of copper and aluminum products, cement products, cemented carbide tools, and electronic materials. It is one of the core companies of Mitsubishi Group. The company is listed on the Tokyo Stock Exchange.
