Capabilities

Acquisition of Air Products Chemicals Inc.

Wacker Chemie AG

Our attorneys representing Munich-based globally active chemical company Wacker Chemie AG in the $265 million acquisition of full ownership of its joint ventures with Air Products & Chemicals, Inc. Wacker's acquisition from its long-time joint venture partner focuses on the ventures' activities in vinyl acetate ethylene-based dispersions and dispersible polymer powders, and includes production facilities located in Calvert City, KY, South Brunswick, NJ, Cologne, Germany, and Ulsan, Korea, and commercial and research capabilities in Lehigh Valley, PA, and Burghausen, Germany. The sale, subject to regulatory approvals and customary closing conditions, is expected to be completed during the first quarter of 2008.

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