The Polish Studnicki Pleszka Cwiakalski Gorski law firm has advised Shiloh Industries on Polish law issues related to its acquisition of 100% shares in Finnveden Metal Structures.
Shiloh Industries, a leading supplier of lightweighting, noise and vibration solutions, is based in Ohio, in the United States. Finnveden Metal Structures is based on Gothenburg, Sweden. Shiloh Industries released a statement explaining that "through this acquisition, Shiloh’s capabilities are expanded with the addition of stamping and magnesium die casting, a key growth segment and technology to address the lightweighting needs of automakers. Additionally, Shiloh adds a European foothold and expands its customer base."
Brad Tolley, the Shiloh Vice President of Strategy and Market Development, explained that “many of our customers are looking for suppliers who can support them globally, and given our current customer base, Europe is a significant market for Shiloh. As we looked to expand into Europe, what we found with FMS was a seasoned management team with strong leadership which is critical for future growth."
The transaction is expected to close at the end of June 2014, and was announced by SPCG as amounting to SEK 372.3 million (approximately USD 56.5 million).
SPCG worked in cooperation with Hengeler Mueller and the Swedish Vinga law firm. SPCG's team was led by Partners Tomasz Spyra and Wawrzyniec Rajchel, and included Zofia Lesiak, Tomasz Praschil, Justyna Nowak, Katarzyna Duda, Adam Kostrzewa, and Katarzyna Bienkowska.