DLA Piper represented CIRCOR International, Inc. in the transaction.
Emerson (NYSE: EMR), a St. Louis technology and engineering company, executed the acquisition of certain assets and liabilities relating to CIRCOR International’s Spence and Nicholson product lines, for approximately $84.5 million in cash, subject to an adjustment for working capital.
The acquisition complements Emerson’s broad portfolio of steam system solutions for process industries and commercial buildings.
The Spence and Nicholson lines are established industry-leading products that include steam regulators, control valves, safety relief valves, temperature regulators, steam traps and other steam accessories and solutions.
CIRCOR International, Inc. (NYSE: CIR), a leading provider of flow-control solutions and other highly engineered products for the Industrial, Energy and Aerospace & Defense markets, expects to use the net proceeds from the sale to pay down outstanding debt.
The DLA Piper team was led by partner Adam Ghander (Picture) and included partners Cathryn Le Regulski, Nathaniel McKitterick, Julia Kovacs, Richard Marks, Drew Young, Paolo Morante, Bruce Saber and Rob Hoffman; of counsel Paul Day; managing attorney Marco Berrios; and associates Tim Fuhriman, Kurtis Weaver, Alexandra Klingenstein, Amanda Rooney, James Bookhout, Genta Stafaj and Tali Panken.
Involved fees earner: Marco Berrios – DLA Piper; James Bookhout – DLA Piper; Paul Day – DLA Piper; Tim Fuhriman – DLA Piper; Adam Ghander – DLA Piper; Rob Hoffman – DLA Piper; Alexandra Klingenstein – DLA Piper; Julia Kovacs – DLA Piper; Richard Marks – DLA Piper; Nathaniel McKitterick – DLA Piper; Paolo Morante – DLA Piper; Tali Panken – DLA Piper; Cathryn Le Regulski – DLA Piper; Amanda Grace Rooney – DLA Piper; Bruce Saber – DLA Piper; Genta Stafaj – DLA Piper; Kurtis Weaver – DLA Piper; Drew Young – DLA Piper;
Law Firms: DLA Piper;
Clients: CIRCOR International, Inc.;