Paul Weiss Reps Sumitomo In $340M Standard Steel Deal

Law360, New York (June 27, 2011, 3:36 PM EDT) -- Japan-based Sumitomo Metal Industries Ltd. said Monday it would purchase Pennsylvania-based Standard Steel LLC, one of the leading makers of railway wheels and axles in North America, for about $340 million from Trimaran Capital Partners.

Sumitomo Metal, which is pairing up with Sumitomo Corp. in the acquisition, will buy Standard Steel's parent company Steel Wheel Acquisition Corp. Standard Steel is a portfolio company of Trimaran, the company said.

"Under Trimaran's leadership, we completed several initiatives, including an expansion of our wheel business, that have enabled us...
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