King & Wood Mallesons (KWM) has advised Brickworks Limited on the acquisition of Glen-Gery, America's fourth largest brick-maker, for AU$151 million.
The transaction marks the first major offshore acquisition for the listed Australian entity. Glen-Gery will provide Brickworks entry into the large US market and long term growth opportunities in a major global market.
KWM coordinated the due diligence, organised the US R&W insurance arrangements and helped draft and negotiate the New York law stock purchase and transition services agreements. US law support was provided by Morgan Lewis.
"While a large percentage of our M&A transactions involve inbound acquisition of Australian companies and assets, we love supporting strong Australian companies making acquisitions offshore," said Matt.
Also commenting on the deal, David said: "We are pleased to have advised Brickworks on this significant acquisition, and to assist with their expansion into the United States via an established and market-leading manufacturer."