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Industrials and Manufacturing

We have consistently been involved in providing transactional services to a number of Thai and international clients engaging in a broad range of industrials and manufacturing related businesses, including those concerning building materials, chemicals, industrial, packaging, paper and printing materials, petrochemicals, machinery, and steel.

During the course of our involvements especially our due diligence and contract negotiations, our team has regularly contacted a number of regulatory authorities such as BOI, IEAT, local governments and land offices, and etc. and have had numerous opportunities to review, and advise on regulatory and commercial issues concerning, a number of key commercial contracts, including business cooperation, joint venture, financing, security agreements, EPC contracts, construction contracts, distribution agreements, manufacturing agreements, and etc. which enable our team to have a better understanding of the relevant industry as well as their respective licensing requirements and other key regulatory compliance related issues.

Notable transactions include:

  • advising Icap-Sira Group in the acquisition of 70% equity interest in UAC Advance Polymer & Chemicals, previously a wholly owned subsidiary of UAC engaging in the chemicals and latex polymers production

  • advising a group of Thailand’s prominent investors led by Mr. Surachai Chetchotsak in the acquisition of a majority interest in Gratitude Infinite (GIFT), a leading supplier and distributor of chemical products, from Union Petrochemical

  • advising Thai Feed Mills in connection with the investment by Morgan Stanley Group of 35% interest in its subsidiary

  • acquisition by Golden Lime from the Ministry of Finance and CPB Equity of approximately 99% interest of Thai Marble Corporation through a bidding process

  • strategic alliance between Tri-En Solution and Toenec Corporation

  • acquisition by CITIC Capital and Humanwell Healthcare of Thailand’s sexual wellness business of Ansell and related financing

  • acquisition by Golden Lime, a leading manufacturer and distributor of lime and calcium carbonate, of Saraburi Quick Lime

  • divestiture by Korphaibool Family to Hitachi Chemical Group of approximately 43.9% shares in Hitachi Chemical Storage Battery, a leading manufacturer and distributor of automotive and motorcycle batteries under the “3K” brand

  • acquisition by CE Lime (a joint venture company between Carmeuse (the world leading producer of lime and lime-related products with more than 150 years of experience) and GP Group) of an initial 45% interest in Golden Lime, followed by a tender offer

  • acquisition by IRPC of approximately 25% interest in UBE Chemicals (Asia), a leading petrochemical company engaging in caprolactam and nylon 6 related businesses

  • global demerger of information management business of Brambles Industries, an operator of Recall brand

  • disposition by Thailand Equity Fund (which is co-invested by Lombard) of 23.33% interest in S. Pack & Print Public to Oji Paper

  • disposal of a significant interest in Prepack Packaging to SCG Group

  • formation of a Joint Venture between A. Schulman and SCG Chemicals

  • disposition by Thailand Equity Fund (which is co-invested by Lombard) of 23.33% interest in S. Pack & Print

  • acquisition by Vanachai Group of the Saraburi plant of Thai Plywood, a state owned enterprise regulated by the Ministry of Natural Resources and Environment

  • mergers between BlueScope Steel and Nippon Steel as regards BlueScope Steel’s operation in Thailand and a business spin off

  • disposal by BlueScope Steel of its shares in BlueScope Steel Thailand