On November 30, 2006, ThyssenKrupp Budd Company, a whollyowned subsidiary of ThyssenKrupp AG, completed the sale of its North American automotive body and chassis operations to Martinrea International Inc.
The purchase price for the transaction was approximately US$275 million. The operations sold cover 13 plants throughout North America, with more than 3,500 employees, as well as a technical centre in Michigan.
Martinrea International Inc. was assisted by its in-house counsel, Gabriel Pascu, and was represented in Canada by Wildeboer Dellelce LLP with a team that included Rob Wortzman, Robert Fonn, Chris Partridge, Lisa Cunningham and Ashleigh Frankel (corporate and securities), Kevin Fritz (tax), David Fedy (real estate) and by Fasken Martineau DuMoulin LLP with a team that included Richard Johnston, Peggy McCallum, Ross Gascho and Tyrone Medley (pensions and benefits), Phil Wolfenden (now at Gowling Lafleur Henderson LLP) (labour and employment) and Huy Do (competition). Martinrea was represented in the US by King & Spalding LLP with a team that included Elizabeth Donley, Jena Watson, David Gibbons, Seth Fredericksen, Chang Chiu (corporate), Eleanor Banister and Monique McDowell (pensions and benefits) and in Mexico by Santamarina y Steta with a team that included Héctor Garza and Jorge Barrero Stahl.
ThyssenKrupp was represented in Canada by Osler, Hoskin & Harcourt LLP with a team that included Randall Pratt, Michael Innes, David Hanick, Jasmine Lew, Ivan Pankoff and Stephanie Tjon (corporate), Evan Howard (pensions and benefits), Jack Cook (real estate), Greg Wylie (tax), Jason Hanson, Jim Hassell and Damian Rigolo (labour and employment) and Peter Glossop (competition). It was represented in the US by Clark Hill PLC with a team that included Daniel Minkus and Bryan Zair (corporate), Fred Batten (labour and employment), Eric DeGroat (real estate), Ronald King (environmental) and David Simonelli (intellectual property) and also in the US for pension and benefits matters by Stevenson Keppelman Associates with a team that included Robert Stevenson, Tony Hart and Nancy Keppelman. It was represented in Mexico by Pasero Abogados, S.C. with a team lead by Manuel Pasero, all under the direction of Nancy Hutcheson, general counsel, Joseph DeVito, assistant general counsel responsible for mergers and acquisitions in North America and Richard Lemke, assistant general counsel, insurance and environmental.