Akin Gump Advises American Zinc Recycling on Sale of Canadian Subsidiary
(Washington, D.C.) – Akin Gump has advised American Zinc Recycling LLC on the sale of its Canadian subsidiary, Zochem Inc., to an American strategic purchaser, Zinc Oxide LLC. As part of the cross-border transaction, Zinc Oxide LLC acquired all of Zochem’s Canada-based manufacturing operations and product lines as well as its domestic and international distribution network. Financial details of the deal were not disclosed.
Prior to the sale of Zochem, Akin Gump had advised American Zinc Recycling during its Chapter 11 reorganization, which resulted in the company’s successful emergence in September 2016. The divestiture of Zochem Inc. represents a key component in the advancement of American Zinc Recycling’s strategic initiatives post-emergence.
The Akin Gump team advising American Zinc Recycling was led by corporate partner Iain Wood. He was joined by corporate counsel Michael Bonsignore and corporate associate William Pelak. Partner Howard Jacobson and counsel Brandon Morris advised on tax matters; partner Lauren Leyden and senior counsel Michael Gerald and Eric Field provided labor and employment advice; and senior counsel David Lee advised on intellectual property matters.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
# # #