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Industries

Industrials and Chemicals

Industrials and Chemicals

From representing Charles Goodyear in the 1850s to advising Linde in its merger with Praxair, Cravath has maintained its position representing clients at the forefront of the industrials sector. The Firm also has extensive experience representing companies in virtually all areas of the chemicals industry, including the manufacture, distribution and sale of specialty, diversified and commodity chemicals.

Cravath’s corporate lawyers have represented industrials and chemicals clients in mergers and acquisitions, bank financings, securities offerings, financial restructurings and reorganizations and corporate board advisory matters, including ESG reporting requirements and governance processes. Our litigators are trusted advisors that routinely work with these clients on antitrust, intellectual property, general commercial, unfair competition, securities, class action, arbitration and other litigation matters.

Cravath’s corporate lawyers have represented industrials and chemicals clients in mergers and acquisitions, bank financings, securities offerings, financial restructurings and reorganizations and corporate board advisory matters, including ESG reporting requirements and governance processes. Our litigators are trusted advisors that routinely work with these clients on antitrust, intellectual property, general commercial, unfair competition, securities, class action, arbitration and other litigation matters.

  • Deals & Cases
  • Recent News & Insights

Deals & Cases

August 04, 2025

Martin Marietta’s Exchange of Assets with Quikrete and Acquisition of Premier

On August 4, 2025, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement with Quikrete Holdings, Inc. (“Quikrete”) for the exchange of certain assets. Under the terms of the agreement, Martin Marietta will receive aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas and Vancouver, British Columbia, as well as $450 million of cash. In exchange, Quikrete will receive Martin Marietta’s Midlothian cement plant, related cement terminals and North Texas ready‑mixed concrete assets.

Deals & Cases

July 15, 2025

Aggreko’s $1.42 Billion and €1.29 Billion of Term Loan Facilities

Cravath represented the administrative agent and lead arrangers in connection with the arrangement of $1.42 billion and €1.29 billion of term loan facilities made available to Aggreko, a portfolio company of I Squared Capital and TDR Capital and a global leader in energy solutions, providing rapidly deployable, temporary and semi permanent modular power and temperature control solutions, with strong diversification across customers, geographies and end‑markets. The transaction closed on July 1, 2025.

Deals & Cases

July 14, 2025

Weyerhaeuser Company’s $1.75 Billion Revolving Credit Facility

Cravath represented Weyerhaeuser Company in connection with its $1.75 billion revolving credit facility. Weyerhaeuser Company is one of the world’s largest private owners of timberlands. The transaction closed on June 30, 2025.

Deals & Cases

June 30, 2025

Compass Minerals International, Inc.’s High‑Yield Senior Notes Offering

Cravath represented the initial purchasers in connection with the $650 million 144A/Reg. S high‑yield senior notes offering of Compass Minerals International, Inc., a leading provider of essential minerals. The transaction closed on June 16, 2025.

Deals & Cases

June 23, 2025

Toll Brothers’ Registered Senior Notes Offering

Cravath represented Toll Brothers Finance Corp. in connection with its $500 million registered senior notes offering, fully guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is an indirect wholly owned subsidiary of Toll Brothers, Inc., which designs, builds, markets, sells and arranges financing for an array of luxury residential homes and communities. The transaction closed on June 10, 2025.

Publications

August 11, 2025

Cravath Publishes Quarterly Review on Q2 2025 Trends in M&A, Activism and Corporate Governance

On August 11, 2025, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

Activities

July 25, 2025

India Business Law Journal Names Cravath Among Significant Players of 2025 for India-Related Work

On July 24, 2025, the India Business Law Journal named Cravath among the “Significant Players” in its 2025 ranking of the top foreign law firms for India-related work. The publication highlighted the Firm’s representation of HDFC Bank Limited as U.S. counsel in its $40 billion merger with HDFC Limited, as well as the Firm’s representation of HMS Networks AB as special U.S. counsel in its acquisition of Red Lion Controls. The Firm was also praised by an interviewee for its consistent “quality of service.”

Publications

July 11, 2025

Ben Joseloff Authors Article on Nippon Steel’s Acquisition of U.S. Steel for Thomson Reuters Westlaw

On July 8, 2025, Thomson Reuters Westlaw published an article written by Cravath partner Benjamin G. Joseloff entitled “Following De Novo CFIUS review, U.S. Government Approves Nippon Steel’s Proposed Acquisition of U.S. Steel with Potentially Groundbreaking Conditions.” The article examines a recently issued order approving the proposed acquisition of U.S. Steel Corporation, the third‑largest domestic steel producer, by Nippon Steel Corporation, a global steelmaker headquartered in Japan.

Publications

June 18, 2025

Following De Novo CFIUS Review, U.S. Government Approves Nippon Steel’s Proposed Acquisition of U.S. Steel with Potentially Groundbreaking Conditions

On June 17, 2025, Cravath prepared a memo for its clients entitled “Following De Novo CFIUS Review, U.S. Government Approves Nippon Steel’s Proposed Acquisition of U.S. Steel with Potentially Groundbreaking Conditions.” The memo examines a recently issued order approving the proposed acquisition of U.S. Steel Corporation, the third‑largest domestic steel producer, by Nippon Steel Corporation, a global steelmaker headquartered in Japan.

Publications

May 02, 2025

New Executive Order: Enhancing Offshore Critical Mineral Development

On May 1, 2025, Cravath prepared a memo for its clients entitled “New Executive Order: Enhancing Offshore Critical Mineral Development,” which examines the recently issued executive order, “Unleashing America’s Offshore Critical Minerals and Resources.” The order outlines the administration’s policy objectives for the United States to become a leader in seabed mineral development and mandates certain actions to be undertaken by various federal agencies over the next 60 days in advancement of these policy objectives, including expediting the permitting process for seabed mining, developing a plan to map priority areas of the seabed, and engaging with key partners and allies to jointly develop seabed mineral resources.

Deals & Cases

August 04, 2025

Martin Marietta’s Exchange of Assets with Quikrete and Acquisition of Premier

On August 4, 2025, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement with Quikrete Holdings, Inc. (“Quikrete”) for the exchange of certain assets. Under the terms of the agreement, Martin Marietta will receive aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas and Vancouver, British Columbia, as well as $450 million of cash. In exchange, Quikrete will receive Martin Marietta’s Midlothian cement plant, related cement terminals and North Texas ready‑mixed concrete assets.

Deals & Cases

July 15, 2025

Aggreko’s $1.42 Billion and €1.29 Billion of Term Loan Facilities

Cravath represented the administrative agent and lead arrangers in connection with the arrangement of $1.42 billion and €1.29 billion of term loan facilities made available to Aggreko, a portfolio company of I Squared Capital and TDR Capital and a global leader in energy solutions, providing rapidly deployable, temporary and semi permanent modular power and temperature control solutions, with strong diversification across customers, geographies and end‑markets. The transaction closed on July 1, 2025.

Deals & Cases

July 14, 2025

Weyerhaeuser Company’s $1.75 Billion Revolving Credit Facility

Cravath represented Weyerhaeuser Company in connection with its $1.75 billion revolving credit facility. Weyerhaeuser Company is one of the world’s largest private owners of timberlands. The transaction closed on June 30, 2025.

Deals & Cases

June 30, 2025

Compass Minerals International, Inc.’s High‑Yield Senior Notes Offering

Cravath represented the initial purchasers in connection with the $650 million 144A/Reg. S high‑yield senior notes offering of Compass Minerals International, Inc., a leading provider of essential minerals. The transaction closed on June 16, 2025.

Deals & Cases

June 23, 2025

Toll Brothers’ Registered Senior Notes Offering

Cravath represented Toll Brothers Finance Corp. in connection with its $500 million registered senior notes offering, fully guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is an indirect wholly owned subsidiary of Toll Brothers, Inc., which designs, builds, markets, sells and arranges financing for an array of luxury residential homes and communities. The transaction closed on June 10, 2025.

Publications

August 11, 2025

Cravath Publishes Quarterly Review on Q2 2025 Trends in M&A, Activism and Corporate Governance

On August 11, 2025, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

Activities

July 25, 2025

India Business Law Journal Names Cravath Among Significant Players of 2025 for India-Related Work

On July 24, 2025, the India Business Law Journal named Cravath among the “Significant Players” in its 2025 ranking of the top foreign law firms for India-related work. The publication highlighted the Firm’s representation of HDFC Bank Limited as U.S. counsel in its $40 billion merger with HDFC Limited, as well as the Firm’s representation of HMS Networks AB as special U.S. counsel in its acquisition of Red Lion Controls. The Firm was also praised by an interviewee for its consistent “quality of service.”

Publications

July 11, 2025

Ben Joseloff Authors Article on Nippon Steel’s Acquisition of U.S. Steel for Thomson Reuters Westlaw

On July 8, 2025, Thomson Reuters Westlaw published an article written by Cravath partner Benjamin G. Joseloff entitled “Following De Novo CFIUS review, U.S. Government Approves Nippon Steel’s Proposed Acquisition of U.S. Steel with Potentially Groundbreaking Conditions.” The article examines a recently issued order approving the proposed acquisition of U.S. Steel Corporation, the third‑largest domestic steel producer, by Nippon Steel Corporation, a global steelmaker headquartered in Japan.

Publications

June 18, 2025

Following De Novo CFIUS Review, U.S. Government Approves Nippon Steel’s Proposed Acquisition of U.S. Steel with Potentially Groundbreaking Conditions

On June 17, 2025, Cravath prepared a memo for its clients entitled “Following De Novo CFIUS Review, U.S. Government Approves Nippon Steel’s Proposed Acquisition of U.S. Steel with Potentially Groundbreaking Conditions.” The memo examines a recently issued order approving the proposed acquisition of U.S. Steel Corporation, the third‑largest domestic steel producer, by Nippon Steel Corporation, a global steelmaker headquartered in Japan.

Publications

May 02, 2025

New Executive Order: Enhancing Offshore Critical Mineral Development

On May 1, 2025, Cravath prepared a memo for its clients entitled “New Executive Order: Enhancing Offshore Critical Mineral Development,” which examines the recently issued executive order, “Unleashing America’s Offshore Critical Minerals and Resources.” The order outlines the administration’s policy objectives for the United States to become a leader in seabed mineral development and mandates certain actions to be undertaken by various federal agencies over the next 60 days in advancement of these policy objectives, including expediting the permitting process for seabed mining, developing a plan to map priority areas of the seabed, and engaging with key partners and allies to jointly develop seabed mineral resources.

Cravath Bicentennial

Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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