Tyman acquires Truth Hardware

UK-based Tyman plc has completed the acquisition of Truth Hardware, a leading maker of door and window hardware in the United States and Canada, in a US$200-million deal. Truth Hardware was owned by Melrose Industries plc, another UK company. The purchaser already controlled Amesbury, another leading service provider of products and solutions in the North American window and door industry, and is thus consolidating its market position.

Tyman plc's Canadian counsel was Heenan Blaikie LLP, with a team led by Andrew Cohen and Danny Kaufer, assisted by Peter Clark (tax), Lynn Mitchell (environmental law), Mark Newton (pensions), Sarah Graves, Bonny Mak Waterfall and Lesley Kim (labour); Marcelo König Sarkis (intellectual property), Georgia Koutrikas (corporate) and Jon Smithen (competition).

Tyman's UK counsel was Pinsent Masons LLP, with a team comprised of Alison Starr, Andrew Black, Jenny Malcolm, Alan Chan, Emma Shield, Louise Blair, James Spencer, Eden Walsh and Joe Young (corporate); John Christian and Jon Robinson (tax); Matt Morgan, Pippa Whitmore and Sarah Jay (banking). US counsel to Tyman was Proskauer Rose LLP with a team led by Steven Kirshenbaum, which included Michael Ellis, Julie Kim and Carly Ziegler.

Simpson Thacher & Bartlett LLP acted for the seller Melrose Industries plc with a team of Kenneth Ehrhard, Tara Kelly, Jamie Rowles, Adam Signy and David Vann.