Joy Global Inc. acquires assets from Mining Technologies International Inc.

Mining Technologies International Inc. (MTI) completed the sale of certain assets to a subsidiary of Joy Global Inc. for $51 million. Joy Global acquired substantially all of the assets associated with MTI's hard rock drilling, loaders, dump trucks, shaft sinking, and raise bore product lines.

MTI is a Canadian manufacturer of underground hard rock mining equipment serving the North American markets and a supplier of raise bore drilling consumables.

MTI was represented by Stikeman Elliott LLP with a team including Rod Barrett, Timothy Chubb and Steven Bennett (M&A); Nancy Ramalho (employment), Marc Simonik (real estate), and Michael Kilby and Michael Laskey (competition).

Joy Global was advised by Karina Livshin, Vice President and General Counsel, and by a team from Gowling Lafleur Henderson LLP including Gary Graham, Pam Vermeersch and John O'Toole (M&A); Ian Macdonald and Mark Paciocco (competition); Robert Salisbury (employment) and Ian Richler (environmental).

Lawyer(s)

Mark Paciocco Roderick F. Barrett Michael Kilby Pam Vermeersch Michael Laskey Timothy Chubb Gary D. Graham Nancy Ramalho Robert E. Salisbury Ian Richler