May 16, 2019 (NEW YORK) - International law firm Proskauer represented longtime client Arkema Inc. (Euronext: AKE) in its agreement to acquire ArrMaz from Golden Gate Capital for approximately $570 million. ArrMaz is a global leader in specialty chemicals for the mining, fertilizer, phosphate, asphalt and oil and gas industries, and is based in Mulberry, Florida.
Arkema is a global manufacturer of specialty chemicals and advanced materials, in three business segments: High Performance Materials, Industrial Specialties, and Coating Solutions. With annual sales of 8.8 billion euros, Arkema has 20,000 employees and operates in about 55 countries.
Arkema was also advised by Deloitte on finance and tax matters and The Valence Group as financial advisor.
The Proskauer team was led by partner Ronald Papa and senior counsel Simon Sharpe (Corporate) and included associates Luke Mansour, Arianna Lacerte and Jillian Ruben (Corporate). The team included partner Andrea Rattner and associate Oleg Zakatov (Employee Benefits); partner Amanda Nussbaum and associate Aaron Lee (Tax); senior counsel John Ingrassia and special antitrust counsel Jade-Alexandra Fearns (Antitrust), and senior counsel Gail Port and Aliza Cinamon (Environmental); and also included assistance from lawyers across multiple practice areas in Proskauer's Hong Kong, London, Los Angeles, New York, Paris, São Paulo and Washington DC offices.