28 November 2013
Watson, Farley & Williams Asia Practice (“WFW”), a leading international law firm, is pleased to announce that it has advised Virginia-based based RCMA Americas Inc (“RCMA”) on the acquisition of the rubber trading and testing businesses of Momentum Technologies Inc (MTI)., a subsidiary of N.V. Deli Maatschappij (“Deli”).
RCMA engages in trading and distribution of natural rubber and rubber products and the acquisition represents an important addition to its natural rubber trading capacity and capability across the Americas as the group looks to expand its global footprint.
Based in the US, MTI specialises in synthetic rubber supplies to the paving, asphalt and adhesive industry and the acquisition also included a laboratory services business in the US.
This transaction follows two other acquisitions in 2011for RCMA on which WFW advised – the successful purchase of the business of Deli’s Alan L. Grant Rubber Division in the US and the purchase by RCMA’s Singapore subsidiary, Tong Teik Pte Ltd of Deli’s London-based company, Corrie McColl & Son Ltd.
The WFW transaction team was led by Singapore based corporate partner Chris Kilburn, assisted by London associate Daniel Saunders, and New York associates Steven Hollander and Daniel Pilarski.
Chris Kilburn, partner at WFW Asia Practice, said: “We have now helped the RCMA group in Singapore on a series of acquisitions. The purchase of Momentum Technologies Inc. in the US involved WFW lawyers in three jurisdictions and represented a significant step as the RCMA group seeks to expand internationally in synthetic rubber alongside its natural rubber operations.”