Press Release

Haynes and Boone Represents Traxys in Global Cometals Transaction

September 01, 2017

Haynes and Boone, LLP represented Traxys, a worldwide metals and natural resources trader based in Luxembourg, in its purchase of CMC Cometals, the industrial raw materials division of Commercial Metals Company. The multi-jurisdictional transaction, whose completion was announced Aug. 31, involved operations in the United States, Europe, China and Russia.

Partners Chad Mills and Ricardo Garcia-Moreno led a broad-ranging Haynes and Boone team across multiple offices that included Partners Emily Westridge Black, John Eldridge, Sam Lichtman and Mark Tidwell, Associates Valisa Berber-Thayer, Punam Kaji, Denny Lee, Janna Mouret and Don Shiman, and many others.

Traxys, a portfolio company of The Carlyle Group, focuses on marketing and sourcing base metals and concentrates, minor and alloying metals, industrial minerals and chemicals, and materials for steel mills and foundries, and also manages all parts of the supply chain, from producer to consumer.

Haynes and Boone’s Commodities and Mergers and Acquisitions Practice Groups bring experience across nearly every large industry sector to handling transactions in an increasingly interconnected global, complex and regulated marketplace. The firm’s lawyers combine business knowledge, legal skills and teamwork to provide innovative, effective solutions and finalized deals to meet clients’ needs.