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International building materials company Hanson PLC has acquired Penns Park, Pa.-based Better Materials Corp. for $152 million in cash and the assumption of $3 million in debt. Attorneys in the Menlo Park and Newport Beach offices of O’Melveny & Myers represented Hanson in the transaction. Lawyers in the New York office of Pillsbury Winthrop represented Better Materials’ parent, Better Minerals & Aggregates Co. The lead partner on the deal at O’Melveny, Terrence Allen, said despite the dour economic times, the construction and real estate markets have held up well. And that’s good news for the firm. “In a challenging economic environment; it’s rewarding to have significant transactions of this type to work on,” said Allen. Headquartered in the U.K. and with offices in Asia and Australia, Hanson is a maker of concrete, pipe and other materials used in residential and commercial construction. The acquisition of Better Materials gives the company a presence in Pennsylvania, New York and New Jersey. Better Materials has more than 300 employees and operates seven asphalt plants and numerous quarries in Pennsylvania and New Jersey. The deal is expected to close by the end of July. Other O’Melveny attorneys who worked on the deal included partners David Krinsky and Robert Rizzi in Menlo Park and Larry Walraven, Wayne Jacobsen and Paul Mosley in Newport Beach. Associates Christopher Lal, Rebecca Siegel and Michael Esquivel also worked on the deal out of Newport Beach. New York-based partner Donald Kilpatrick led the deal at Pillsbury. Senior associate Donovan Burke and associate Mark Lessard also worked on the deal. FINISAR/GENOA Lawyers in the Palo Alto office of Gray Cary Ware & Freidenrich represented Finisar Corp. in its acquisition of Fremont-based Genoa Inc. Attorneys in the Mountain View office of Fenwick & West represented Genoa. The deal is valued at about $6.7 million in stock and warrants. “This deal had all of the elements that a tech acquisition would have, except there used to be a couple more zeroes,” said Dennis Sullivan, the lead partner on the deal at Gray Cary. Sullivan said the firm’s M&A practice is doing well because of a high volume of smaller deals like this one. Gray Cary recently announced that it ranked in the top 20 in a Thomson Financial Securities Data study of the total number of U.S. mergers and acquisitions completed in the past five years. Finisar makes fiber-optic components and systems used in high-speed networking. The deal gives Finisar access not only to new technology made by Genoa, but to a new facility in Sunnyvale that Finisar will use to consolidate operations now in Southern California. In addition to Sullivan at Gray Cary, associate Benjamin Griebe and partners Joe Sorenson, David Plewa and Jeffrey Trant worked on the deal. Associates Jessica Janov, Austin Stewart II, and Richard Taketa also worked on the transaction. Partner Dennis DeBroeck led the deal at Fenwick. Boise, Idaho-based partner Robert Freedman and Mountain View-based associate Brian Hicks also worked on the deal.

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