April 30, 2009
As part of its re-alignment strategy to focus on its core aerospace business and simplify its business operations, MTI Global Inc. (MTI-TSX) completed the sale of the majority of its Leewood’s assets in Bremen, Germany and its Richmond, Virginia plant to Connecticut-based Rogers Corporation. MTI Global, which designs, develops and manufactures custom-engineered products using silicone and other cellular materials, used the proceeds of the transactions to reduce its debt obligaitons.
Wildeboer Dellelce LLP acted for MTI Global in connection with the transaction with a team that included Troy Pocaluyko, Geoff Cher and Nick Dobbek (corporate) and Chris Partridge and Lisa Cunningham (Debt Products).