Grupo Verzatec’s $360 Million Acquisition of Crane Co. Engineered Materials Business

White & Case LLP advised Grupo Verzatec in the transaction.

Grupo Verzatec executed its pending US$360 million acquisition of the engineered materials business of Crane Co. The transaction was announced on May 24, 2021.  

Grupo Verzatec S.A. de C.V. is a diversified company that offers a broad range of plastic-based solutions serving customers in a variety of industries. Grupo Verzatec has operational and commercial presence in the US, Canada, Mexico, Europe, Central and South America, and Northern Africa.

Crane Co. designs and manufactures a wide range of highly technical engineered products. Its two main businesses are Fluid Handling, which makes a variety of valves and pumps, and Payment & Merchandising Technologies, which makes vending machines and other systems with currency validation at their core.

The White & Case team advising Grupo Verzatec on the transaction is led by partners Thomas Christopher (Picture) in New York and Rebecca Farrington in Washington, DC, and includes associates Adam Arnett and Mona Kalantar in Chicago (M&A); counsel Kenneth Barr and associate Michael Xu (Employment, Compensation & Benefits) in New York; partner David Pezza and associates Elena Baca and Rachel Silverman (Real Estate) in Chicago; partner Seth Kerschner and associate Brittany Curcuru (Environmental) in New York; counsel Douglas Jasinski, and associates Heather Greenfield and Daniela Huerta Garcia (Regulatory) in Washington, DC; partner David Dreier and associate Grayson Weeks (Tax) in New York; and partner Arlene Hahn and associate Anthony Johnson (Intellectual Property) in New York.  

The White & Case team collaborated with counsel in Mexico, led by Enrique Gonzalez and Nelda Plancarte of Gifak, S.C.

Involved fees earner: Michael Xu – Allbright; Adam Arnett – White & Case; Elena Baca – White & Case; Kenneth Barr – White & Case; Thomas Christopher – White & Case; Brittany Curcuru – White & Case; David Dreier – White & Case; Rebecca Farrington – White & Case; Heather Greenfield – White & Case; Arlene Hahn – White & Case; Daniela Huerta Garcia – White & Case; Douglas Jasinski – White & Case; Anthony Johnson – White & Case; Mona Kalantar – White & Case; Seth Kerschner – White & Case; David Pezza – White & Case; Rachel Silverman – White & Case; Grayson Weeks – White & Case;

Law Firms: Allbright; White & Case;

Clients: Verzatec;

Author: Martina Bellini