Chantal Kordula

Cleary advises AMI in the sale of AMI Automation to Resonac

Cleary Gottlieb advised Ami Holdings on the sale of 100% of its outstanding membership interests in each of AMI Automation, a Delaware limited liability company, AMI Automatizacion, AMI International, a Mexican corporations, to Showa Denko Carbon Mexico Holding, (SDCMH) and Resonac Graphite America (RGA), both subsidiaries of Resonac Corporation.

Resonac acquired 50% ownership in the AMI subsidiaries on February 5, 2021 with an option to acquire the remaining 50% ownership within five years from that date. Accordingly, through RGA and SDCMH, Resonac has acquired the remaining 50% to complete the acquisition of 100% membership interests in the AMI subsidiaries.

AMI Holdings is a global provider of automation and control solutions, with a focus on designing, manufacturing, and implementing innovative technology solutions, for an extensive range of industries. AMI, through its Meltshop Solutions division, provides software and optimization services for electrode regulation systems and Electric Arc Furnace (EAF) operations. In North America, AMI’s electrode regulation systems are used in the production of almost 90% of EAF steel.

Resonac is the leading global provider of high-quality graphite electrodes, with the world’s largest production capacity of graphite electrode in six different manufacturing facilities located around the world.

Through the acquisition of AMI Automation, Resonac will evolve its graphite business from simple provision of electrode products into provision of total solution services for EAF, making their graphite electrode production more efficient.

The Cleary corporate team included partner Chantal Kordula (pictured) and international lawyer Josefina Griot, with assistance from associate Jessica Batlle Welling and law clerk José Juan Vazquez at various points of the transaction. Partner Marcela Robledo and associates Nicholas Weisman and Amy Garland advised on intellectual property matters. Partner Maureen Linch and associate Kylie Barza advised on tax matters. All lawyers are based in New York, except for Marcela Robledo and Maureen Linch, who are based in San Francisco.