Mutares’ Acquisition of Allegheny Technologies Incorporated’s Sheffield Operation

In UK Keystone Law, advised on the matter.

Keystone Law advised Allegheny Technologies Incorporated with a team including Alexandra von Westernhagen (Competition Law), Jeremy Davis (Picture – Corporate M&A), Emma Clark (Employment), Howard Waterman (Finance), Sheena Ray (Real Estate).

Allegheny Technologies Incorporated (ATI) sold its Sheffield operation to the private equity company Mutares SE & Co. KGaA which completed on 12 May 2022 following satisfaction of all conditions, including approval under the National Security and Investment Act.

ATI is a global producer of specialty materials and solutions for aerospace and defence. The Sheffield business, which employs around 190 people, produces a range of high-integrity products in low-alloy steels, stainless steels and nickel-based super alloys for a variety of sectors including aviation, defence and energy.

The Keystone team advising on the sale was led by Corporate partner Jeremy Davis (Picture) and included Commercial solicitor Rupert Casey, Employment partner Emma Clark, Finance partner Howard Waterman, Insurance partner Nilam Sharma, Pensions solicitor Monica Ma, Property partner Sheena Ray, EU & Competition partner Dr Alexandra von Westernhagen, Tax solicitor Michael Fluss, and trainee solicitors Sophie Welbourn and Japneet Bhambra.

Involved fees earner: Emma Clark – Keystone Law; Jeremy Davis – Keystone Law; Michael Fluss – Keystone Law; Sheena Ray – Keystone Law; Alexandra von Westernhagen – Keystone Law; Howard Waterman – Keystone Law;

Law Firms: Keystone Law;

Clients: Allegheny Technologies Incorporated;

Author: Giulia Di Palma