JSA advised and assisted Broadview Holding B.V. (“Broadview”) on the acquisition of Formica Group (“Formica”), a business unit of Fletcher Building Holdings Limited, and , according to reports.
CINCINNATI... Broadview Holding, a Netherlands-based industrial holding with a significant presence in material technology and energy, announced today it has completed the $840 million (U.S. dollars) acquisition of Cincinnati-based Formica Group from Fletcher Building. The sale includes Formica businesses in North America, Europe, and Asia, as well as its Homapal metal laminates business.
— Prnewswire
Formica’s subsidiary in India, Formica Laminates (India) Private Limited, and its immediate shareholders were initially excluded from the transaction. However, Broadview retained the option to acquire Formica India at a later date.
J Sagar Associates advised
Paul Weiss, Rifkind, Wharton & Garrison LLP acted as overseas counsel to
2019-06-04
Deal value: USD 840 million
Primary jurisdiction of deal:
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