We advised ACON Investments, a private equity investment firm based in Washington, D.C., on its acquisition of a controlling stake in Rymel, one of Colombia’s largest manufacturers of transformers for electricity distribution.

The acquisition supports ACON’s strategy of investing in medium-sized Latin American companies with an emphasis on sustainability.

Lawyers in our Madrid, Northern Virginia, and Washington, D.C. offices led the transaction, with support from our Luxembourg office and our tax practice.

We advised Fluor Corporation, an engineering, procurement and construction services provider, on the sale of its Stork Group business in Belgium, Germany, and the Netherlands and its turbo blading manufacturing operations in the United States to Bilfinger SE, an industrial services provider.

This divestiture advances Fluor’s strategy to focus on its core businesses and capital priorities.

Lawyers in our Amsterdam office led the transaction, with support from our Brussels, Düsseldorf, Frankfurt, London, Miami, Paris, and Washington, D.C. offices and our antitrust, capital markets, intellectual property, litigation, privacy and cybersecurity, private equity, restructuring, and tax practices.

We advised Holcim, a global manufacturer of innovative and sustainable building solutions, on its acquisition of ZinCo GmbH, a green roofing systems provider.

This acquisition extends Holcim’s leadership in advanced roofing systems and broadens the innovative and sustainable building solutions available to its customers.

Lawyers in our Düsseldorf office led the transaction, with support from our Brussels, Frankfurt, London, Madrid, Munich, and New York offices and our antitrust, banking, employment, intellectual property, international trade, litigation, pensions, real estate, strategic operations, agreements, and regulation, and tax practices.

We advised PPG, a global paints, coatings, and specialty materials company, on the US$550 million sale of its architectural coatings business in the United States and Canada.

This transaction further optimizes PPG’s portfolio and will result in increased capability to channel its growth resources to areas where PPG has the strongest right to win with its customers.

Lawyers in our Washington, D.C. office led the transaction, with support from our Denver, Houston, Los Angeles, New York, Northern Virginia, and San Francisco offices and our antitrust, banking, capital markets, employee benefits, employment, environment, intellectual property, international trade, litigation, privacy and cybersecurity, public procurement, real estate, and tax practices.