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- Carter, Ledyard & Milburn Assists Pall Corporation in Acquisition of the Filtration and Separations Group of USFilter
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Carter Ledyard & Milburn LLP
CARTER, LEDYARD & MILBURN ASSISTS PALL CORPORATION IN ACQUISITION OF THE FILTRATION AND SEPARATIONS GROUP OF USFILTER
NEW YORK, February 14, 2002 – Carter, Ledyard & Milburn announced that it had represented Pall Corporation (NYSE: PLL) in connection with its definitive agreement to purchase the Filtration and Separations Group ("FSG") from USFilter Corporation, an indirect wholly-owned subsidiary of Vivendi Environment (Paris Bourse: VIE and NYSE: VE) for total cash consideration of $360 million. The transaction is expected to be completed by the end of March, and is subject to regulatory approval and other customary closing conditions.
FSG, with approximately $270 million in sales, is a pioneer and global leader in the design, manufacture and sale of filtration products for the separation and purification of liquids and gases. The company serves the food & beverage, industrial, biotech and pharmaceutical industries, among others. With a diversified portfolio of filter media, FSG provides end-users with an array of filter elements, housings and systems with high technology and superior performance.
The Carter, Ledyard & Milburn working group for the transaction was led by corporate counsel Heywood Shelley and included corporate and antitrust partner Robert A. McTamaney, real estate partner Macculloch M. Irving, environmental partner Clifford P. Case, tax partner Howard J. Barnet, ERISA counsel Patricia Matzye and associates Sandra Marino, Austin D. Keyes, Richard T. Horne, and Peter Flägel. The team worked with Pall’s General Counsel Gilbert P. Weiner, Assistant General Counsel Mary Ann Bartlett, and Intellectual Property Counsel Michael J. Forzano.
Pall Corporation is the global leader in the rapidly growing fields of filtration, separations and purification. Pall's business is organized around two broad markets: Life Sciences and Industrial. The Company provides leading-edge products to meet the demanding needs of customers in biotechnology, pharmaceuticals, transfusion medicine, semiconductors, municipal drinking water and aerospace. Fiscal 2001 sales were over $1.2 billion. The Company is headquartered in East Hills, New York and has major operations in more than 30 countries. Further information is available at http://www.pall.com.
Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.
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