RC Law Advised Tuboplast in the Sale of its North Carolina Subsidiary to KCE

RC Law advises Corporacion Juan Celaya (“CJC”) in connection with the sale of its U.S. manufacturing subsidiary (CTL Packaging USA Inc.), located in North Carolina, to Kaizaharra Corporacion Empresarial (KCE), a private equity group based in Bilbao, Spain.  KCE had previously acquired the European operations of CJC and was successful in completing the acquisition of the U.S. operations following the attempts of two other bidders.  The transaction was structured as a stock deal.  Counsel to the buyer was Cooley Godward.  Womble Bond Dickinson was counsel to a previous bidder. 

Press Releases:

La Vanguardia: KCE adquiere CTL-TH Packaging (Tuboplast) de Vitoria

Expansión: López Gandásegui se hace con el control de la alavesa Tuboplast