Miller Canfield Advises Chinese Auto Supplier in Largest U.S. Acquisition in History by a Chinese Company
DETROIT, MI (10, September, 2015) – The law firm of Miller Canfield announced today that its global M&A team represented AVIC Automotive of China, which today closed on the acquisition of Henniges Automotive from Littlejohn. This transaction represents the single largest overseas acquisition by a Chinese automotive supplier in history.
Henniges Automotive, headquartered in Auburn Hills, Michigan with operations in eight countries, provides world class vehicle sealing and anti-vibration solutions for the global automotive industry.
“This deal was extremely complex and required six regulatory and U.S. government trade approvals including HSR, CFIUS, NDRC, MOFCOM and anti-trust filings in China and Mexico,” said Michael P. McGee, CEO of Miller Canfield.
McGee lauded the efforts of Firm Principals and international corporate attorneys Shusheng Wang and Brad Arbuckle and the entire legal team who worked tirelessly on the deal. “This latest transaction illustrates the reputation, skill, knowledge and experience of our professionals engaged in international and particularly China-U.S. mergers and acquisitions,” he said.
Miller Canfield also represented the previous record holder, Pacific Century Motors, Inc. (PCM) in its high profile acquisition of Nexteer Automotive from General Motors in 2010.
Other successful completed transactions by Miller Canfield include:
Assisting Zhongshan Broad-Ocean in its acquisition of Prestolite Electric, Incorporated, an automotive motor supplier, in 2014;
Representing China’s SDIC-owned Ronghsi International in the acquisition of ABC Group Fuel Systems, Inc., from ABC Group, a Canada-based, tier-one supplier in 2014;
Assisting Chinese automotive glass manufacturer Fuyao Glass group in acquiring a portion of a former GM light duty truck plant in Moraine City, Ohio for constructing a $400 million automotive glass operation; and
Representing Fuyao Glass Group again in 2014 to reach an agreement with PPG Industries to acquire its float glass operation in Mt. Zion, Illinois.
About Miller, Canfield, Paddock and Stone, P.L.C.
Miller Canfield, with U.S. offices in Detroit, Chicago, New York, Cincinnati, as well as in Poland and China, was founded in 1852. The firm is among the 200 largest law firms in the U.S. The firm’s lawyers are recognized by the most prestigious legal referral guides and organizations around the world. Visit www.millercanfield.com
