Largest Non-Government Roll Manufacturer Conducts Business Merger
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporationposted in Mergers & Acquisitions on Monday, March 7, 2016.
For various reasons, usually having to do with projected productivity and profitability of a company, business owners often take control of another company through acquisitions. A business merger is typically a complicated process, depending upon the size of the companies involved and the fine print details of an agreement. It is generally in a California business owner's best interest to seek legal guidance when considering a merger.
Taking a company to a higher level by merging with another business may require the acquiring company to change its structure. Any change in a business plan can impact an entire company. Developing an effective strategy to help owners, employees and customers have as smooth a transition as possible is often made easier through sound legal counsel and guidance from an experienced business and commercial law attorney.
One of the world's largest non-government roll manufacturing companies, based in Pennsylvania, recently announced its acquisition of five other businesses. Two of the acquired companies are located in Pittsburgh, while the others are based overseas. The company's CEO stated the merger is bringing together industry leaders to provide better performance and support to its global customers.
The CEO further stated that the electric steel corporation will now be able to use unparalleled technical support to offer a complete product line to customers. Several of the companies newly acquired are located in Sweden, China and Slovenia. Any California company owner considering a similar business merger will want to make certain that all legal terms in a proposed contract are clearly understood before any documents are signed. An experienced attorney would be able to assist a business owner in order to protect the best interests of the company and accomplish immediate and long-term legal goals.
Source: bizjournals.com, "Ampco-Pittsburgh completes acquisition", Paul J. Gough, March 4, 2016