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 partners Stuart Freedman and Michael Gilligan and associates Caitlin Cornell, Evan Johnson and Catherine Kim. The team also includes intellectual property, sourcing & technology partner Edward Sadtler and special counsel Scott Kareff, environmental partner Howard Epstein and special counsel Theodore Keyes, employment & employee benefits partner Ian Levin and associate Adam Gartner, finance partners Antonio Diaz-Albertini and Kirby Chin and associate Marc Rosenberg, tax partners David Passey and Alan Waldenberg and associate Talia Jaffe and former Schulte lawyer Brittany Bell.