Schulte Advises Cerberus in Acquisition of Closure Systems from Reynolds Group

Schulte represented Cerberus Capital Management LP in a definitive agreement to acquire businesses of Closure Systems International (“CSI”) from Reynolds Group Holdings Limited. The acquisition includes the North American, Costa Rican and Japanese businesses and related facilities of CSI, a global leader in closure design, manufacturing, and high-speed application systems. The deal was announced Oct. 14, 2019 and is expected to close over the next two quarters.

The Schulte team advising Cerberus is led by M&A and securities partner Stuart Freedman and former Schulte lawyer Michael Gilligan. The team also includes intellectual property, sourcing & technology special counsel Scott Kareff, environmental partner Howard Epstein and special counsel Theodore Keyes, employment & employee benefits partner Ian Levin and associate Adam Gartner, tax partner Alan Waldenberg, and former Schulte lawyers Kirby Chin, Antonio Diaz-Albertini, David Passey, Edward Sadtler, Brittany Bell, Caitlin Cornell, Talia Jaffe and Marc Rosenberg.