Kramer Levin represented Spraylat Corporation, a family-owned paint and coatings business specializing in high-quality industrial liquid and powder coatings applied to metal, glass and plastic substrates, in connection with the sale of the Spraylat business to PPG Industries, Inc. (NYSE:PPG), a leading global coatings and specialty products company. The transaction closed on December 17, 2012.
The Kramer Levin team was led by partners Steven M. Goldman and James A. Grayer and associate Jodi Rosensaft, who were assisted by associates Sarah E. Kaehler and Yael Steiner on the corporate side. Partners Howard J. Rothman and Barry Herzog, special counsel Helayne Oberman Stoopack and associate Blake Rigel provided structuring and tax advice, while partners Erica D. Klein, Charles S. Warren and Robert N. Holtzman, special counsel Toni Finger and Avram Cahn, and associates Francesca Butnick and Soyoung Lee assisted in Intellectual Property, Environmental, Employment Law, Real Estate and Employee Benefits. Paris partners Reid Feldman and Marco Plankensteiner and Paris associate Charlotte Noury provided support regarding certain non-US aspects of the transaction.