AGG Taps Paul Weiss For $900M Tower International Buy

Law360 (July 12, 2019, 5:59 PM EDT) -- Autokiniton Global Group, led by Paul Weiss Rifkind Wharton & Garrison LLP, on Friday said it will snap up Lowenstein Sandler LLP client Tower International Inc., which makes structured metal components for the automotive industry, in a $900 million deal.

Private equity-backed AGG expects the acquisition to boost its position in metal components manufacturing for the North American automotive industry.

"The acquisition of Tower will significantly enhance AGG's position as a leading North American manufacturer of metal formed components for the automotive industry," AGG CEO George Thanopoulos said in a statement. "We are excited to bring Tower's world-class products, well-positioned facilities and...

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