Ropes & Gray advised China-based Zhejiang Hailiang Co. Ltd. in its acquisition of the Asian operations of Luvata’s Tubes Division, including operations in Zhongshan China and Chachoengsao Thailand. Luvata’s Tubes Division is a leading supplier of solutions for the HVACR industry, as well as PC cooling and other technologies.
The transaction, which was announced on Dec. 21, is expected to close in the first half of 2017. Additional terms of the deal were not disclosed.
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