Debevoise & Plimpton LLP is advising Wilsonart, a portfolio company of Clayton, Dubilier & Rice, in the sale of its Wilsonart Asia business to Aica Kogyo Co., Ltd. and the Development Bank of Japan Inc. The transaction is expected to close in the fourth quarter of 2019, subject to the satisfaction of customary closing conditions. The acquisition price is $150 million, subject to certain adjustments. For more information, please see the company’s press release.

Wilsonart, a leading engineered surfaces company, is driven by a mission to create surfaces people love, with service they can count on, delivered by people who care. The company manufactures and distributes High Pressure Laminate, Quartz, Solid Surface, Coordinated TFL and Edgebanding and other decorative engineered surfaces for use in the office, education, healthcare, residential, hospitality and retail markets.

The Debevoise team is led by M&A partner Uri Herzberg and includes M&A partner William Chua and associates Fengjian Ao, Spencer Gilbert, Wen-Wei Lai and Joel Salomon, tax partner Rafael Kariyev and associate Lena Smith, employee benefits partner Meir Katz, intellectual property partner Henry Lebowitz, antitrust partner Timothy McIver and associate Anne-Mette Heemsoth and legal consultant Michelle Qi.