Aldila, Inc. announced on March 27 that it has closed its merger with Mitsubishi Rayon America, Inc. (MRA). The official effective time of the merger will be April 1. Steptoe advised Aldila on the transaction.
Aldila is one of the world’s largest manufacturers of carbon fiber shafts. MRA is a wholly owned subsidiary of Mitsubishi Rayon Co., Ltd. and part of the Mitsubishi Chemical Holdings Corporation Group. MRA has a business centered on MMA (methyl methacrylate) and AN (acrylonitrile) business complexes as basic raw materials and finished products.
The Steptoe corporate team was led by partner Kevin Olson with assistance from partner Kevin Hunter and associate Kami Galvani, all in the firm’s Phoenix office. Partners Meredith Rathbone and Stephen Heifetz, and associate Teddy Nemeroff, all based in Washington, advised on the international trade aspects of the deal.