Shearman & Sterling advised the shareholders of SUSPA GmbH on the sale of the company to Mr. Pascal Vanhalst. The transaction is expected to close at the end of June 2018.
SUSPA GmbH, headquartered at Altdorf near Nuremberg, Germany, is one of the largest providers of gas springs, hydraulic dampers, friction dampers, lifting columns, piston rods and crash management systems. The products are found worldwide in applications in the automotive industry, mechanical engineering, the furniture industry, household appliances, medical technology and the consumer goods industry. In addition to the plants in Altdorf and Sulzbach-Rosenberg in Germany, SUSPA GmbH has additional plants in the Czech Republic, United States, China and India.