On September 30, 2004, Celestica Inc. announced that it had completed the divestiture of its Power Systems business to C&D Technologies, Inc., a leading global provider of solutions for power conversion and storage of electrical power in an all-cash transaction valued at US$52.8 million. Celestica’s Power Systems operations were conducted in Canada, the United States, the People’s Republic of China and Thailand, among other jurisdictions. In connection with the sale of the Power Business assets, Celestica and C&D Technologies entered into a three-year supply agreement pursuant to which Celestica will manufacture certain power products for C&D Technologies.
C&D Technologies was represented by Linda Hansen, vice president and general counsel, and Thomas Jackson, associate general counsel, and assisted by Goodmans LLP, with a team comprised of Jonathan Lampe, Stephen Bloom and Simon McGrath (corporate), Joe Morrison (employment), Amalia Trister (intellectual property) and Yi-Wen Hsu (taxation); Charles Reagh (corporate) of Stewart McKelvey Stirling Scales in Nova Scotia; Seth Cooley (environmental) of Duane Morris LLP in Philadelphia; Bill Corcoran, George Davitt and Michael Whamond of Testa, Hurwitz & Thibeault, LLP in Boston; Gary Biesty and Utain Vichaipairojwong of Johnson Stokes & Master (Thailand) Ltd. in Thailand; and Ketong Lin of Victor Chu & Co. in The People’s Republic of China.
Celestica was represented by Todd Melendy, vice-president and assistant general counsel, and assisted by Davies Ward Phillips & Vineberg LLP, with a team that comprised Berl Nadler, Melanie Koszegi, Claire Kennedy, Sarb Basra, Tarne Whiteley, Alex Pike, Darren Wasylucha and Ivana Gotzeva in Toronto, and Gerald Shepherd, Harold Adrion and Pamela Goldfarb in New York; Mark Bursey (corporate) of Stewart McKelvey Stirling Scales in Nova Scotia; Julie O’Donnell (employment) of Hodgson Shields DesBrisay O’Donnell LLP; Renée O’Rourke (employee benefits) and Liza McKelvey (employment) of Faegre & Benson LLP in Denver, Colorado; Kaye Scholer LLP in the People’s Republic of China, with a team that included Yingxi Fu-Tomlinson and Ting-Ting Shi; and Peerapan Tungsuwan (M&A) of Baker & McKenzie Ltd. in Thailand.