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RathGibson Sale

SRZ represented Castle Harlan Inc. in the sale of RathGibson Inc. to DLJ Merchant Banking Partners for about $440 million. RathGibson is a leading specialty manufacturer of precision-welded steel and alloy tubular products, and a supplier of stainless steel, nickel and titanium tubing to diverse global markets. RathGibson’s $311 million in revenues, technical leadership, extensive product portfolio, global channel strength, significant growth prospects and outstanding management team made it an appealing acquisition candidate. Castle Harlan had purchased the company 17 months earlier and, in the interim, RathGibson acquired Greenville Tube Co. (SRZ handled both transactions).

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