Vedder Thinking | News Vedder Price Advises Thompson Pipe Group in Acquisition of Forterra Assets
June 27, 2017
Vedder Price is pleased to announce that its client, Thompson Pipe Group, recently entered into a definitive agreement to acquire U.S. concrete and steel pressure pipe assets from Forterra, Inc. (Nasdaq: FRTA). The deal states that an affiliate of Thompson Pipe Group will acquire assets related to five Forterra manufacturing facilities and a fittings facility. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017.
“We are very pleased with the agreement we have reached with Forterra, due very much in part to the practical and efficient counsel from Vedder Price,” said Ken Thompson, President and CEO of Thompson Pipe Group. “Their experienced team worked diligently throughout the course of this process and we look forward to our continued partnership as we work through the successful closing of this important transaction.”
Corporate/M&A Shareholder Scott Adamson and Associate Shelby Parnes led the transaction. Real Estate Shareholder Sarah Shaw and Associate Anthony Ochs led the real estate portion of the transaction.
“I am proud of the work our multifaceted deal team put forth on this agreement,” said Mr. Adamson. “We are delighted to partner with the talented team at Thompson Pipe Group and look forward to cohesively bringing this transaction to close.”
Other members of the Vedder Price team included Shareholder Brett Heinrich (Environmental), Shareholder Matthew Larvick (Tax), Shareholder Patrick Spangler (Employment), Shareholder Chris Collins (Benefits), Shareholder Gregory Wrobel (Antitrust), Shareholder Lino Lauro (Corporate), Shareholder John Blatchford (Securities), Associate Michael Nieto (Corporate) and Associate Patricia Whitten (Finance).
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