BOSTON (August 31, 2012) - International law firm McDermott Will & Emery LLP represented Barnes Group Inc. (NYSE:B), an international aerospace and industrial manufacturing and service provider, in connection with its acquisition of privately held Synventive Molding Solutions for total consideration, after closing adjustments, of approximately $340 million.
Headquartered in Peabody, Massachusetts, Synventive is one of the world's largest hot runner systems manufacturers, serving a global customer base of more than 3,000 molders, mold makers and original equipment manufacturers across 50 countries. Hot runner systems are the enabling technology for many complex injection molding applications and are standard in industries that require premium product aesthetics and performance. Synventive operates out of three manufacturing locations in the United States, Germany and China, with sales and service offices in 28 countries and 770 employees worldwide.
“We are pleased to have advised the Barnes Group on its acquisition of Synventive,” said David Cifrino, partner and co-lead on the transaction. “This transaction was well served by our capabilities across multiple disciplines and geographies and experience handling complex and multi-faceted transactions on behalf of clients. McDermott continues to be a leader in helping companies navigate high-value, global M&A deals.”
The McDermott team was co-lead Ryan Harris, as well as partners and associates across multiple international jurisdictions and a wide variety of legal disciplines including Corporate Advisory, U.S. & International Tax, Employee Benefits, Antitrust, Intellectual Property and Energy Advisory.
The McDermott team included partners Daniel Zucker, John Huang, Christian von Sydow, Susan Cooke, Toby Kusmer, Paul Melot de Beauregard, Joseph Winterscheid, Martina Maier, Philipp Werner, Mark Collins, Maureen O'Brien, Joseph Adams and Michael Boykins as well as associates Atabak Royaee, Justin Cai, Alex An, Florian Keller, Carla Hine, David Henry, Jacqueline Fishbein, Emily Harring and James Noble.
About Barnes Group Inc.
Founded in 1857, Barnes Group Inc. (NYSE:B) is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes Group's approximately 5,100 dedicated employees, at more than 50 locations worldwide, are committed to achieving consistent and sustainable profitable growth. For more information, visit www.BGInc.com.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Silicon Valley and Washington, D.C. Extending our reach to Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.