Global law firm White & Case LLP has advised the shareholders of Floduval SA on the sale of all its shares to Methode.
Floduval is the holding company of Procoplast SA, a Belgium-based independent manufacturer of automotive assemblies. Its brand new facility includes automated assembly equipment, injection molding and testing equipment. Procoplast produces high volume products for Bosch, Kiekert, ZF-TRW and others, which will augment Methode's transmission leadframe business.
The transaction was signed on June 19, 2017. The closing is subject to customary conditions including, but not limited to, regulatory approvals.
The White & Case team in Brussels which advised on the transaction was led by partner Thierry Bosly with support from partner Muriel Alhadeff, local partner Hadrien Servais and associates Tom Matthijs, Camille Deveseleer, Aurélie Terlinden and Marie Gerardy.
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