On Robinson & Cole’s Manufacturing Law Blog, a trio of lawyers from the firm weighed in recently on factors to consider when your company is purchasing the assets of other manufacturers.
Among the areas they suggest giving extra attention:
Labor Issues
Is there a unionized workforce? This should be your first question, since the answer has direct implications for your company. Examine “successor and assigns” provisions in any collective bargaining agreements of each union—because, as Robinson counsel Nicole Bernabo notes, the terms are generally binding on succeeding entities.
