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Latham & Watkins Advises Worthington Steel on Acquisition of Sitem Group
December 4, 2024
Firm represents the buyers in the transaction.
Latham & Watkins advised Worthington Steel, Inc., on the acquisition, through its subsidiary, Tempel Steel Company, LLC, of a controlling equity stake in Sitem S.p.A., an Italy-based manufacturer of electric motor laminations and accessory products for automotive and industrial applications in Europe.
The Latham team was led by partner Stefano Sciolla and counsel Giovanni Spedicato, with associates Guido Hassan and Milena Raffaldi. Advice was also provided on US corporate matters by partner Cathy Birkeland; on regulatory matters by partner Cesare Milani; and on antitrust matters by partner Luca Crocco.