Cyril Amarchand Mangaldas advised Lati Industria Termoplastici S.p.A. (“LATI”), a leading European manufacturer of engineering thermoplastics on a composite transaction along with HEUSSEN Studio Legale e Tributario, that included (i) acquisition of the engineering plastic compounds division of Loxim Industries Limited (“Loxim”) by LATI through Lati-Loxim Thermoplastics Private Limited, established as a joint venture company by LATI (51%) the key promoters of Loxim (49%) (“JVC”), by way of business transfer on a slump sale basis, and (ii) investment by LATI in the JVC to fund the acquisition of the engineering thermoplastics of Loxim.
The transaction team was led by Alok Sonkar, Partner; with the support from Karishma Jumani, Director – Corporate Transactions; Utkarsh Mankad, Senior Associate; Akansha Menghrajani, Associate; Khushboo Bapna, Associate; Ishita Sharma, Associate; and Aayush Panwar, Associate.
Siddharth Singh, Partner; with the support from Rushi Panchal, Associate; assisted on the real estate law aspects of the transaction.
The transaction was signed on 30th March, 2025, and closed on 12th June, 2025.
