NEW YORK, October 30, 2014: Morgan Lewis represented Sandvik Materials Technology in the divestiture of the company’s power spring business in the United States and Mexico to Lesjöfors Springs America, Inc., a U.S.-based subsidiary of Swedish Lesjöfors AB, which makes industrial springs, wire, and flat strip components. The transaction is slated to close by December 31, 2014.
Advising Sandvik in the transaction were corporate partner Robert W. Dickey and corporate associates Andrew L. Milano and Daniel M. Landy. Rounding out the team are Real Estate of counsel Eric J. Marcuson; Outsourcing, Technology, and Commercial Transactions partner Peter M. Watt-Morse and associate Glen W. Rectenwald; International Trade & Economic Sanctions Practice partner Margaret Gatti, of counsel Marynell DeVaughn and associate Katelyn M. Moscony; Intellectual Property partners Jeffrey G. Killian and Ron N. Dreben and associate Daniel Marks; Employee Benefits and Executive Compensation of counsel Randall C. McGeorge; Antitrust associate Heather E. Fuentes; and Environmental Transactions Practice leader Judith Walkoff and Litigation of counsel Maxine Woelfling.
For more information about the transaction, please see the press release issued by Sandvik here.