Locke Lord represented Symrise, Inc. in the sale of the stock of Pinova, Inc., a company engaged in the business of specialty chemicals and chemical intermediates, to Derives Resiniques et Terpeniques, a French developer of gum rosin and turpentine, for $150 million. The sale was announced on Nov. 2, 2016 and the deal is expected to close by end of year. As part of the transaction, Symrise and DRT have also agreed on a co-operation for individual development projects and the supply of strategic raw materials. The sale was announced on Nov. 2, 2016 and the deal is expected to close by end of year. The Locke Lord team was led by Joe Perillo (Houston) and included Steve Boyd, Jerry Higdon, Ed Razim, Buddy Sanders, Lauren Corbeil and Laura Ferguson (all of Houston) and Van Jolas (Dallas).
Posted November 2, 2016