FOR IMMEDIATE RELEASE
Contacts:
Thelma Tang
O’Melveny & Myers LLP
+8610.6563.4232
Lena Li
O'Melveny & Myers LLP
+8610.6563.4282
SHANGHAI – May 5, 2008 – O’Melveny recently represented Elementis plc, a UK-listed specialty chemicals company, in its acquisition of Deuchem Co., Ltd., a Taiwan-headquartered leading supplier of additives and resins in Asia for a cash consideration of £40.4 million.
The acquisition will significantly expand Elementis’ presence in Asia and provide a platform for its Specialty Products Division to accelerate growth in the region. The transaction is subject to regulatory approvals. Closing is anticipated to take place during the second half of 2008.
The O’Melveny team was led by partner
Qiang Li and
Eric Rothenberg. Partner
Larry Sussman advised on tax matters. Counsel
Nate Bush handled antitrust matters. Counsel
Scott Silverman advised on environmental matters.
Elementis plc is listed on the London Stock Exchange and comprises three separate businesses, Specialty Products, Surfactants and Chromium. Specialty Products and Chromium hold leading market positions in their chosen sectors. The company employs more than 1,000 people at over 20 sites in Europe, North America, and Asia-Pacific.
May 5, 2008
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