FDH served as legal counsel to RFE Investment Partners in connection with the sale of its portfolio company, Hastings Holding Corp., to NPR-Riken Corporation (TSE: 6209).
Hastings is a leading manufacturer of piston rings for use in gas and diesel engines, as well as industrial compressor applications, across a broad range of end markets including automotive, truck, commercial, powersports, industrial, and marine. Hastings is based in Hastings, Michigan with a facility in the Czech Republic and serves customers worldwide.
NPR-Riken is a leading manufacturer and distributor of automobile engine components, marine engine parts, and related products, with global operations. NPR-Riken is headquartered in Tokyo, Japan.
The FDH team included Corporate partner Charles Downey Corporate counsel Marcia Sugrue and Corporate associates Christopher Losito, Spencer Velarde and Robert Clark; Debt Finance counsel Thomas Aragona; Executive Compensation, Benefits and Employment counsel Oleg Zakatov; Tax partner Michael Spiro and Tax associate Eitan Ulmer.