Toronto-based SNF Canada Limited, the subsidiary of SNF SA in St. Étienne, France, purchased, on May 31, 2002, a polymer production plant owned by Trois-Rivières, Quebec-based Raisio Chemicals Canada Inc. At the same time, Raisio sold to SNF its 50 per cent interest in a joint venture, Emerillon Polymers Inc., which had been created by the two groups for the production of acrymalides. The parties also announced an agreement for the supply by SNF to Raisio of certain functional polymers to be produced at the plant. The value of the deal is undisclosed.
Heenan Blaikie LLP represented SNF on all aspects of the transaction, with a team led by Auguste Masson in Montreal, and assisted by Paul Lalonde in Toronto, and including Carl Bélanger and Antoine Tremblay (corporate), Chantal Sylvestre and Élizabeth Camiré (real estate and zoning), Michel Poirier (environment) and Subrata Bhattacharjee (competition). Raisio was represented by Fraser Milner Casgrain LLP, with a team led by Tom English (real estate) in Vancouver, and Barbara Farina (corporate) and Robert Béland (real estate) in Montreal.