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Freshfields advises Sandvik on US acquisition of GWS Tool Group
Freshfields is advising Swedish engineering multinational Sandvik AB on its acquisition of GWS Tool Group, a vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools. GWS Tool is headquartered in Tavares, Florida, and has manufacturing operations in Arizona, California, Illinois, Michigan and Massachusetts, as well as in Alberta and Ontario, Canada. The transaction was announced on November 22, 2021, and is expected to close by the end of the year. Terms were not disclosed.
More details about the transaction can be found here.
The Freshfields team is led by New York M&A partner Paul Tiger and associates Tommy Lair and Brayden Koslowsky, with support from associate Daria Butler. Tax advice is being provided by partner Claude Stansbury and associate Thomas Bourneuf. Partner Lori Goodman and associates Andrew Herman and Chaim Leggiere are advising on employee benefits and employment matters. Intellectual property matters are being handled by partner Mena Kaplan, associates Marissa Yu and referendar Max Grewe. Partner Mary Lehner, counsel Laura Onken and associate Iris Zhou are advising on antitrust matters, while partner Aimen Mir and special counsel Christine Laciak provided guidance on CFIUS. Compliance advice is being provided by counsel Stephanie Brown-Cripps and associate Andrew Bulovsky. Partner Christine Lyon, counsel Brock Dahl and associate Sarah Houston are advising on data privacy and security matters. Partner Kyle Lakin is providing advice on finance. The international team supporting the regulatory workstream included partner Maria Dreher and associate Ludwig Pacher-Theinburg in Vienna.
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