White & Case LLP has advised J.M. Huber Corporation  on its acquisition of the specialty chemicals producer Martinswerk GmbH, from Albemarle Corporation. The transaction is scheduled to complete at the beginning of 2016 and requires clearance from the German Federal Cartel Office.

Founded in 1913, Martinswerk has around 570 employees and offers a multitude of specialty chemical products for industrial use. The transaction also includes a 50 percent stake in Austrian-based company MAGNIFIN Magnesiaprodukte GmbH, as well as the acquisition of assets in the US, China, Japan, Korea, Singapore and Taiwan.

The J.M. Huber Corporation is headquartered in New Jersey, USA and operates a portfolio of companies with a focus on engineered materials. It is one of the largest family-owned businesses in the US with approximately 4,000 employees in more than 20 countries.

The White & Case team was led by Frankfurt-based partners Dr. Axel Pajunk and Andreas Stilcken and supported by partners Josef Große Honebrink (Frankfurt), James Killick (Brussels) and Frank-Karl Heuchemer (Frankfurt), counsel Dr. Andreas Klein (Frankfurt), local partners Dr. Justus Herrlinger (Hamburg), Dr. Matthias Kiesewetter (Hamburg and Frankfurt), Dr. Benjamin Schirmer (Berlin), Jessica Hallermayer (Hamburg) and Ingrid Knollmeyer (Frankfurt), as well as associates Silke Jurczyga (Frankfurt), Andreas Kössel (Frankfurt), Sophie Sahlin (Brussels) and Claudia Stefanie Wolf (Hamburg).