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Miller Canfield Represents Fuyao Glass America for its Purchase of Illinois Glass Plant
The law firm of Miller Canfield announces that it served as lead counsel for Chinese automotive glass manufacturer Fuyao Glass America, Inc., for its purchase of a manufacturing facility in Mt. Zion, Ill. from PPG Industries. The Miller Canfield legal team was led by Shusheng Wang and Richard A. Walawender.
The deal marks the sixth time in the past 15 months in which Miller Canfield represented a Chinese purchaser investing in the U.S. totaling more than $610 million. The other five investments in which Miller Canfield represented Chinese investors are:
- Fuyao Glass – On May 15, 2014, Miller Canfield assisted Chinese automotive glass manufacturer Fuyao Glass in acquiring a portion of a former GM light duty truck plant in Moraine City, Ohio. Fuyao plans to build an automotive glass facility, investing more than $200 million and hiring 800+ employees. This was the largest investment made in Ohio in the past two years.
- Zhongshan Broad-Ocean and Phoenix Capital Management – In January 2014, Miller Canfield assisted Chinese micro-motor manufacturer Zhongshan Broad-Ocean and Phoenix Capital Management in acquiring Prestolite Electric Incorporated (PEI) to expand its motor and new energy automotive components. PEI is a Michigan-based supplier with business operations in the U.S., U.K. and China.
- Rongshi International – In April 2014, Miller Canfield assisted China’s SDIC-owned Rongshi International in acquiring ABC Group Fuel Systems, Inc. (GFS) from ABC Group, a Canada-based, tier-one supplier. GFS is a Tennessee-based supplier with business operations in the U.S., Canada and Mexico.
- Yanfeng USA – In April 2013, Miller Canfield assisted Yanfeng USA Automotive Trim Systems, a subsidiary of Yanfeng Visteon of China that supplies parts to major OEMs, with its build of a production facility in Riverside, Missouri, creating approximately 300 jobs. This is the third plant for Yanfeng in the U.S.; the other two are located in Michigan with about 300 employees.
Miller Canfield has been representing clients in complex global business transactions for many years, since the establishment of its first offices in Poland more than 20 years ago to the more recent opening of its offices in Shanghai, China, and Monterrey, Mexico. In the past year alone its Mergers and Acquisitions practice has led transactions in Canada, China, Mexico, India, Brazil, Eastern Europe and Russia in addition to those throughout the United States.