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Firm News

Julie Cohen
Director of Marketing and Communications

Cahill Represents Metaldyne in $1.2 Billion Acquisition by Asahi Tec Corporation

Date: 01/11/07

Cahill represented Metaldyne Corporation, a leading global supplier of powertrain and chassis systems and components, in its acquisition by Asahi Tec Corporation, which was completed today. Asahi Tec is a Shizuoka, Japan based chassis and powertrain component supplier in the passenger car/light truck and medium/heavy truck segments.

The total value of the transaction is approximately USD $1.2 billion, including assumption of Metaldyne’s debt but excluding consent fees for the existing bonds and Asahi Tec transaction expenses.

The transaction  expands Metaldyne and Asahi Tec’s geographic footprint and product portfolio and positions both companies to benefit from customer growth in Asia as well as in North America and Europe.