Burges Salmon has advised Irish precision-engineering multinational ATA on its acquisition of specialist UK tooling supplier, Industrial Tooling Corporation (ITC).
ATA is a global precision engineering company manufacturing, supplying and distributing cutting tools to leading industrial companies from 11 facilities around the world. With a legacy based on commitment to quality, ATA has been serving its customers from the company’s headquarters in Cavan, Ireland for almost 60 years.
This transaction significantly enhances ATA’s reach and expertise in the carbide round tool market, the largest segment of the more than $20 billion global cutting tool market.
The Burges Salmon team advising on the deal was led by director Tim Roberts and solicitor Elena Kaltsas, both from the firm’s Corporate team, alongside senior apprentice solicitor Charlie Morgan from the firm’s Banking and Finance team, senior associate Amanda Leiu in Commercial, associate Pav Jureczko in Tax, and Menna Chmielewski in Employment.
Tim Roberts comments: “We are very pleased to have assisted ATA on this significant acquisition in the UK which will help ATA further expand its product portfolio, geographic reach and manufacturing capacity.”
Peter Cosgrove, chief executive officer at ATA, adds: “We are extremely grateful to all of the support from Tim, Elena and the entire team of experts at Burges Salmon for helping us bring this important transaction to a seamless close and keeping it all calmly on track.”