Latham & Watkins Advises Yildirim Group in Acquisition of Elementis’ Chromium Business

Elementis plc, a global specialty chemicals company, has announced that it has agreed to sell its Chromium business to Yildirim Group for an enterprise value of US$170 million. The transaction is subject to US regulatory approval, which is expected before the end of Q1 2023.

Latham & Watkins LLP represents Yildirim Group in the transaction with a cross-border deal team led by Houston corporate partner Kevin Richardson, with Houston associates Thomas Hillebrand, Brent Wagner, Vera Bespalova, and Tasbiha Batool, and London corporate partner Nick Cline, with London associate Tom Channing. Advice was also provided on US environmental matters by Houston partner Joel Mack, Washington, D.C. partner Julia Hatcher, and Los Angeles counsel Joshua Marnitz, with associates Jacqueline Zhang and Andrew Landolfi; on finance matters by Houston counsel Bryce Kaufman; on US tax matters by Houston partner Jared Grimley, with associate Dominick Constantino; on UK tax matters by London partner Sean Finn, with associate Aoife McCabe; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Joe Denker; on US real estate matters by Chicago counsel Jeffrey Anderson; on sanctions matters by Washington, D.C. partners Les Carnegie and Damara Chambers; and on antitrust matters by Washington, D.C. partner Jason Cruise, Frankfurt/Dusseldorf partner Max Hauser, and Washington, D.C. counsel Peter Todaro.