Latham & Watkins Assists Carco PRP in Securing CFIUS Clearance

Carco PRP Limited, a leading manufacturer of sealing components, received clearance from the Committee on Foreign Investment in the United States (CFIUS) in connection with its acquisition of SKF’s ring and seal business located in Hanover, Pennsylvania, US. CFIUS concluded that there were no unresolved national security issues with respect to the transaction and cleared the transaction within the initial 45-day review period.

Latham & Watkins LLP represented Carco PRP in the transaction. The CFIUS team was led by Washington, D.C. partner Les Carnegie and counsel Ruchi Gill, with associates Elliot Hecht and Dillon Curtis. The M&A team was led by Boston partner Todd Gleason and Boston counsel Stefanie Vincent.