Chicago corporate law firm L&G Law Group advised client Tata International Metals Americas, a division of Tata International Limited (and member of the Tata Group, which includes a 2014 Fortune Global 500 Company), on the recently announced (effective on February 1, 2015) complex commercial transaction between Tata International Metals Americas and Totem Steel International. The L&G Law Group team was led by Chicago partners Jerry Haberkorn and Edgar Reilly. Following this transaction, Totem Steel International will continue its operations as Tata International Metals Americas. The business deal brings together two of the largest players in the international steel trading and distribution space. The transaction required an innovative structure to satisfy the needs of both parties and close coordination with international business partners for the successful conclusion of deal.
About Tata International: Tata International Limited (TIL) is a global trading and distribution company, headquartered in Mumbai, India, with a network of offices and subsidiaries spanning more than 39 countries in Africa, Asia, Europe and the Americas. Tata International’s Metals Trading division is supported by global sourcing, deep market knowledge and supply chain management of various steel and related products, serving customers across 50 countries. In addition to Tata International’s extensive multi-industrial distribution system, key metal products offered include all forms and grades of steel products, metallics, steel making rolls, products for the aluminum industry, customized engineering products, and module mounting systems for the solar industry. Tata International Metals Americas is headquartered in Schaumburg, Illinois. For additional information about Tata International, visit their website at: www.tatainternational.com.