Belgium-based Sonaca SA, in collaboration with the Solidarity Fund QFL, acquired the assets and activities of National Metal Finishing NMF (Canada) Ltd. and the shares of NMF America, Inc. through its Canadian subsidiaries created for such purpose. Sonaca is an aerospace manufacturer and Solidarity Fund is a Canadian labour fund.
NMF Canada and NMF America are involved in the machining and forming of wing panels for civil aeronautics (regional and business jets) with plants in Mirabel, Quebec and Wichita, Kansas. With this acquisition, its first in North America, Sonaca is pursuing its strategy of internationalization. Sonaca will endeavour to consolidate the activities of NMF Canada and NMF America with its commercial, technical and financial support. The value of this transaction is undisclosed and it closed on November 20, 2003.
Sonaca was represented in Canada by Fraser Milner Casgrain LLP, with a team that included Michel Brunet, Roger Simard, Valéry Zamuner, Kiriakos Vanikiotis and Karine Charest; and in the US by Linda Parks of Hite, Fanning & Honeyman LLP in Wichita, Kansas. Solidarity Fund was represented by in-house counsel Natacha Bernier.
NMF Canada and NMF America were represented by in Canada by Heenan Blaikie LLP, with a team that included Bernard Jolin, Claudette Bellemare, Ken Atlas, Nicolas Plourde and Antoine Tremblay; and in the US by John Gerdes of Fleeson, Gooing, Coulson & Kitch, LLC in Kansas City.
Raymond Chabot Inc. acted as interim receiver of the assets of NMF Canada, and was represented by Pierre-André Lavoie and Jean Gagnon, trustees; and assisted by Bernard Boucher and Yannick Beaudoin of Blake, Cassels & Graydon LLP.
NMF Canada and NMF America are involved in the machining and forming of wing panels for civil aeronautics (regional and business jets) with plants in Mirabel, Quebec and Wichita, Kansas. With this acquisition, its first in North America, Sonaca is pursuing its strategy of internationalization. Sonaca will endeavour to consolidate the activities of NMF Canada and NMF America with its commercial, technical and financial support. The value of this transaction is undisclosed and it closed on November 20, 2003.
Sonaca was represented in Canada by Fraser Milner Casgrain LLP, with a team that included Michel Brunet, Roger Simard, Valéry Zamuner, Kiriakos Vanikiotis and Karine Charest; and in the US by Linda Parks of Hite, Fanning & Honeyman LLP in Wichita, Kansas. Solidarity Fund was represented by in-house counsel Natacha Bernier.
NMF Canada and NMF America were represented by in Canada by Heenan Blaikie LLP, with a team that included Bernard Jolin, Claudette Bellemare, Ken Atlas, Nicolas Plourde and Antoine Tremblay; and in the US by John Gerdes of Fleeson, Gooing, Coulson & Kitch, LLC in Kansas City.
Raymond Chabot Inc. acted as interim receiver of the assets of NMF Canada, and was represented by Pierre-André Lavoie and Jean Gagnon, trustees; and assisted by Bernard Boucher and Yannick Beaudoin of Blake, Cassels & Graydon LLP.
