Honeywell International Acquires BASF Business

Honeywell International, Inc. acquired, on May 1, 2003, the nylon fibres business of BASF Corporation for US$160 million. This transaction was part of another transaction in which Honeywell sold its engineering plastics business to BASF AG for approximately $800 million. The two transactions were part of the restructuring of Honeywell International’s specialty materials business unit.

Honeywell International was represented by its in-house legal department in Morristown, New Jersey; in Canada by Stephen Arnold and Minal Upadhyaya (M&A), Stephen Luff (real estate), Peter Franklyn and Steve Sansom (competition), Gregory Wylie (tax), Anthony Devir (pensions) and Allan Wells (employment) of Osler, Hoskin & Harcourt LLP; and in the U.S. by Davis, Polk & Wardwell in New York, with a team that included Leonard Kreynin (M&A), Gail Flesher (environmental) and Edmond FitzGerald (employment), and by Debra Valentine and Darren Tucker (antitrust) of O’Melveny & Myers LLP.

BASF was represented by in-house counsel Robin Manastersky and Shadi Dastranj; in Canada by Catherine Nixon and Mark Zwegers (real estate), Jamie Wilks (tax) and Neil Campbell (competition) of McMillan Binch LLP; and in the U.S. by Shearman & Sterling in New York, with a team that included Peter Lyons, Simon Fraser and Yukiko Kojima (M&A), Kenneth Prince, Beau Buffier and George O’Connell (antitrust) and Carlos A Lobo e Silva (project development and finance).


Debra Valentine George O'Connell Mark Zwegers Peter H.G. Franklyn Allan C. Wells Beau W. Buffier Edmond T. Fitzgerald Minal Upadhyaya Gail A. Flesher Darren Tucker Neil A. Campbell Steve Sansom Stephen V. Arnold Peter Lyons Kenneth S. Prince Anthony J. Devir Jamie M. Wilks Gregory R. Wylie Stephen W. Luff


Osler, Hoskin & Harcourt LLP Davis Polk & Wardwell O'Melveny & Myers LLP McMillan LLP Shearman & Sterling LLP