Cases & Deals

Jennmar enters into acquisitions and divestitures agreement with DYWIDAG Systems International

Clients Frank Calandra, Inc.

Jones Day advised Jennmar in its agreements to conduct a series of international acquisitions and divestitures with DYWIDAG Systems International ("DSI"). Under the agreements between Jennmar and DSI, Jennmar agreed to (i) acquire 100 percent of DSI's manufacturing assets in the U.S., (ii) sell to DSI all of Jennmar's foreign operations in Latin America (Mexico, Chile, and Peru), Europe (Spain, Poland, Netherlands, and Czech Republic) and Australia, (iii) establish a new ROCBOLT joint venture with DSI through the sale of 50 percent of Jennmar's stake in its Chinese subsidiary, and (iv) restructure its existing ROCBOLT joint ventures with DSI in South Africa and Australia.