Martinrea International Inc. Purchases Minority Interest of Martinrea HonselAugust 07, 2014
Martinrea International Inc. (TSX:MRE) (“Martinrea”) acquired from Anchorage Capital Group, L.L.C. the remaining 45% equity interest in Martinrea Honsel Holdings B.V. (“Martinrea Honsel”) for a purchase price of EUR160 million (approximately CAD233 million). Martinrea Honsel, a leading supplier of aluminum components to the automotive industry, specializing in structural parts, engine blocks and other selected aluminum automotive parts, is now a wholly owned subsidiary of Martinrea. Martinrea financed the purchase through the use of an expanded banking facility.
Wildeboer Dellelce LLP acted as Canadian counsel to Martinrea in connection with the transaction and expanded credit financing with a team consisting of Rob Wortzman, Nick Gray and Ragu Anantharajah (corporate/securities)and Chris Partridge (debt products).
Martinrea International Inc.
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