Cornachio and Shin represent client in sale of Company’s outstanding capital stockJune 2, 2016 |
Bill Cornachio and Jenny Shin represented the shareholders of the firm’s client Euromed, Inc., in their sale of all of the Company’s outstanding capital stock to Scapa Group plc. Euromed specializes in developing and manufacturing hydrocolloid-based wound care solutions in its ISO certified, state-of-the-art class 8 clean room located in Orangeburg, New York. Scapa is a leading global manufacturer of bonding products and adhesive components for applications in the healthcare and industrial markets. The purchase price consists of an initial cash payment of $35 million, and a contingent “earn-out” payment of up to $7 million depending on Euromed’s fiscal year 2016 performance.
- William Cornachio