Stone Canyon Industries, LLC and BWAY acquire Mauser Group N.V.

On April 3, 2017, Stone Canyon Industries, LLC (SCI) announced the successful closing of its previously announced purchase agreement to acquire Mauser Group N.V. (Mauser), a global supplier of rigid packaging products and services for industrial use, from Clayton, Dubilier & Rice (CD&R), through its subsidiary BWAY Corp. (BWAY), a leading North American manufacturer of rigid metal and plastic containers.

The all-cash transaction is valued at approximately US$2.3 billion.

With revenues of over €1.4 billion, Mauser manufactures and supplies plastic and steel drums and intermediate bulk containers and is also the leading provider of reconditioning services for used plastic drums and IBCs. Mauser’s 4,500 employees operate 111 manufacturing facilities in 88 strategic locations across 18 countries in Europe, North America, South America and Asia.

SCI’s ownership of BWAY and Mauser creates a global leader in containers and packaging for the chemical, industrial and food and beverage industries, among others.

Gibson, Dunn & Crutcher LLP acted as counsel to BWAY, owned by SCI. The Gibson Dunn team was led by Jonathan Layne, Candice Choh and Dirk Oberbracht (corporate), and included Birgit Friedl, Daniela Stolman, Chloe Clifford and Katherine Zuber (corporate), Linda Curtis and Melissa Barshop (finance), and a team in Germany that included Daniel Gebauer (real estate), Marcus Geiss (corporate), Johanna Hauser (corporate), Julia Langer (antitrust), Jens Murach (antitrust), Annekatrin Pelster (corporate), Wilhelm Reinhardt (corporate), Sonja Ruttmann (corporate), Hans Martin Schmid (tax), Jan Schubert (corporate), Michael Walther (antitrust) and Mark Zimmer (labour & employment).

Borden Ladner Gervais LLP acted as Canadian counsel to SCI and its subsidiary with a team led by William Jones that included Jason Saltzman, Whitney Bell and Andrew McLean (corporate), Brennan Carroll and Tamila Ivanov (real estate), LuAnne Morrow and Todd Keeler (IP), Davit Akman and Zirjan Derwa (antitrust), Rob Weir, Naomi Calla and Adam Pennell (labour & employment), Sonia Mak and James Fu (pension & benefits), Rick Coburn and Aimee Collier (environment), and Howard Silverman and Rachel Belanger (credit).

Latham & Watkins LLP, Debevoise & Plimpton LLP and Stibbe acted as counsel to CD&R. The Latham & Watkins team was led by Frankfurt partner Oliver Felsenstein and Washington, DC, partner Paul Sheridan, and included Leif Schrader, Joseph Simei, Susanne Decker, Rohith Parasuraman, Alina Gansen, Christoph Clausen and Christoph Vaske (corporate), Georg Weidenbach (antitrust), Jennifer van Driesen and Dominic Newcomb (finance), David Della Rocca (employment) and Andrea Ramezan-Jackson (tax).  The Debevoise & Plimpton team was led by Paul Bird and included Gary Friedman and Matthew Saronson. The Stibbe team was led by Hans Witteveen and included Manon Cremers, Pieter Schütte, Rein van Helden, Paul Vestering, Michael Molenaars, Emile Bongers, Steven Hijink, IJsbrand van Straten, Dennis Mollema and Lieke Stroeve.

Lawyer(s)

Jason M. Saltzman LuAnne R. Morrow Davit D. Akman Sonia T. Mak