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INDUSTRIALS

The industrials industry is a diverse industry category consisting of the suppliers of industrial equipment, tools, chemicals, and other supplies utilized in all other industries. There are many variables that companies in the industrials industry must carefully consider in making decisions that enable them to compete in an increasingly global marketplace. BVA professionals have a diverse range of experience in the industrials industry, enabling us to provide our clients with comprehensive consulting regarding valuation, economic damages, and various corporate finance issues.

Green Bay Converting, Inc. is a leading contract paper converting company, providing outsourced paper converting services.  GBC is capable of converting paper into a broad range of products including jumbo roll tissue, single fold and center pull paper towels, and wipers.  BVA provided valuation services for federal tax reporting in the context of a conversion from an S corporation to a limited liability company.

Williams Brothers is a vertically integrated, Texas-based highway construction company.  Williams Brothers currently operates in Houston, Beaumont/Port Arthur, the lower Rio Grande Valley, Dallas, and San Antonio.  BVA has provided Williams Brothers’ annual ESOP update valuations and various management planning analyses.

Allegations: ADA hired some of Norit’s key technical employees who had knowledge of Norit’s proprietary manufacturing processes.  Norit claimed ADA misappropriated trade secrets and confidential information to build a competing manufacturing facility.

Role: On behalf of the Norit, BVA provided expert analysis regarding economic damages, including lost profits, reasonable royalty, and the value of the misappropriated intellectual property. Consulted with counsel throughout the entire litigation process, including numerous depositions and arbitration hearings.

Results: The panel awarded plaintiff lost profits and a running royalty in line with BVA’s expert opinions.

Jurisdiction: American Arbitration Association

Allegations: Tronox alleged that Kerr-McGee effected numerous fraudulent transfers of E&P businesses over a period of years leading up to the IPO/spin-off of its chemical business and that upon separation, the chemical business retained significant legacy liabilities, rendering it insolvent.

Role: On behalf of Anadarko, developed expert analysis regarding economic damages and various financial issues.  Valued various Tronox entities and rebutted opposing expert’s valuation of Kerr-McGee E&P assets, on-shore and offshore, worldwide.  Provided ongoing consulting during all phases of the lawsuit (deposition, trial, post-trial).

Results: The matter settled post-verdict.

Jurisdiction: United States Bankruptcy Court, Southern District of New York

U.S. Concrete (NasdaqCM:USCR) produces ready-mixed concrete and aggregate products for commercial/industrial, residential, and other public works construction. USCR also provides services including production of formulations, quality control, and tracking systems.  BVA has provided USCR with various financial reporting valuation services for purchase price allocations, goodwill impairment testing, and stock compensation.