Client description: A national magnesium sand casting company

Practice area: Mergers and Acquisitions

Geographic scope: US, Korea

Industries involved: Aerospace

Services applied: Strategic positioning; corporate strategy; joint venture/partnering

Business challenge: A magnesium sand casting company wanted to enter the Korean aerospace industry and secure new clients in the US via an international joint venture.

Methodologies: Leveraging our experience in Asia and with economic offset programs, we were able to match the client’s interest with the objectives of a major aerospace company’s international economic offset programs.

The result: A successful joint-venture was consummated between the client and a Korean casting company that was a tier one supplier to the local aerospace industry. The investment was structured in such a way that it also fulfilled economic offset commitment for a major US aerospace company. As a result, the client not only built a successful joint venture that led to the co-manufacturing of magnesium sand castings in Korea, they also became a preferred supplier to the US-based major aerospace company.