Düsseldorf/Frankfurt – Leading global law firm Mayer Brown advised Caterpillar Motoren GmbH & Co. KG, a subsidiary of US construction equipment manufacturer Caterpillar Inc., on the acquisition of the assets of the insolvent foundry Gießerei Kiel GmbH. In 2006, Mayer Brown had already advised Caterpillar in connection with the sale of the foundry.

Founded in 1898, the foundry which is located in Kiel-Friedrichsort, predominantly manufactures engine blocks and cylinder heads for large engines. The foundry belongs to the Swabian foundry group CT with around 800 employees, which had to file for insolvency at the beginning of April for its four foundries.

The Mayer Brown team working on the transaction included Christof Gaudig (lead, Corporate, Düsseldorf) as well as partner Dr. Marius Boewe (Public Law, Düsseldorf) and Dr. Jens Peter Schmidt (Antitrust, Brussels), counsel Isabelle van Sambeck (Employment & Benefits, Frankfurt) and associates Dr. Jan Streer and Philipp Jaspers (both Corporate, Düsseldorf). In-house, the transaction was led by Dr. Martin Gittermann (Senior Corporate Counsel).