Global law firm White & Case LLP has advised the shareholders of Floduval SA on the sale of all its shares to Methode.

Floduval is the holding company of Procoplast SA, a Belgium-based independent manufacturer of automotive assemblies. Its brand  new  facility  includes  automated  assembly  equipment,  injection  molding  and  testing equipment. Procoplast produces high volume products for Bosch, Kiekert, ZF-TRW and others, which will augment Methode's transmission leadframe business.

The transaction was signed on June 19, 2017. The closing is subject  to  customary  conditions  including,  but  not  limited  to,  regulatory  approvals.

The White & Case team in Brussels which advised on the transaction was led by partner Thierry Bosly with support from partner Muriel Alhadeff, local partner Hadrien Servais and associates Tom Matthijs, Camille Deveseleer, Aurélie Terlinden and Marie Gerardy.