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Client Work

Martinrea International purchases North American body and chassis operations from ThyssenKrupp Budd Company for US$275 million

Fasken
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Overview

Client

Confidential Client

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).

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