Lazard Middle Market Advised Dow
Chemical Company
in the Sale of its Automotive Sealer and Damper
Business to Katzberg Invest
AG
TRANSACTION
DESCRIPTION
Lazard Middle Market advised Dow Chemical Company in
the sale of certain assets of its Automotive Sealer and Damper Business to
a group of European investors led by Katzberg Invest AG.
TRANSACTION HIGHLIGHTS
Dow Automotive sold its sealer and damper business in
Europe and India, Middle East, Africa (IMEA) to a group of European
investors led by Katzberg Invest AG. The new company, formed to
incorporate this business, is called Revocoat. The sale includes the
manufacturing facility and the R&D lab in St. Just, France; the
manufacturing facility in Camarma, Spain; and Dow's participation in
Anabond-Essex in Chennai, India. In addition, talks are currently underway
for Revocoat to also acquire Dow Automotive sealer and damper assets in
Asia and Latin America.
Revocoat SAS will be headquartered in Saint
Just, France. The company will also have a fully owned subsidiary in
Spain, Revocoat Iberica, a joint venture in India, and potentially
other countries in the world. Revocoat will be led by Charles Churet as
its president. Charles retired from Dow in November 2008, and was formerly
commercial vice-president for the European performance chemicals division as well
as president of Dow France.
ABOUT LAZARD MIDDLE MARKET
Lazard Middle Market
LLC (www.lazardmm.com), a subsidiary of Lazard Ltd (NYSE:LAZ), provides advice on
mergers and acquisitions, restructuring, and financings to the middle market.
Lazard Middle Market’s investment bankers operate from offices
in Minneapolis, New York, Chicago, Charlotte and Los Angeles
with full access to the industry expertise, senior board-level
relationships, and local perspectives of Lazard’s bankers in 40
cities across 24 countries in North America, Europe,
Asia, Australia, Central and South America.
If you would like more information about this
transaction, please contact:
Jeff Chen
jeffrey.chen@lazardmm.com
612-339-0500
