Paul, Weiss, Rifkind, Wharton & Garrison and Von Wobeser y Sierra have advised on the deal
PMHC II, Inc., the parent company of Prince International Corporation (“Prince”), has agreed to acquire the Erachem Manganese Chemicals business of ERAMET Group, a French mining and metallurgical company.
With over 550 employees and 30 years of experience with high quality manganese-based products, Erachem is the world leader in the supply of manganese chemicals. Erachem operates five processing plants located in the United States (2), Belgium, China, and Mexico, which provide the widest range of manganese salts and oxides for more than 100 industrial applications including alkaline and lithium ion batteries, agrochemicals, electronics, copper recycling, and other specialty products. At closing, Erachem will enter into a long-term supply agreement with ERAMET Group’s subsidiary Comilog S.A. to ensure the continuity and reliability of the company’s supply of manganese ore.
Paul, Weiss, Rifkind, Wharton & Garrison has advised Prince International Corporation with Neil Goldman (Picture), Monica Thurmond, Brad Okun and Gaines Gwathmey.
In Mexico, Von Wobeser y Sierra, S.C. has advised Prince International Corporation with Andrés Nieto, Edmond Grieger and Alberto Córdoba.
Involved fees earner: Andrés Nieto Sánchez de Tagle – Von Wobeser y Sierra SC; Alberto Córdoba – Von Wobeser y Sierra SC; Edmond Frederic Grieger – Von Wobeser y Sierra SC; Neil Goldman – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison; Gaines Gwathmey – Paul Weiss Rifkind Wharton & Garrison;
Clients: Prince International Corporation;