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Australian manufacturing business Brickworks has been advised on the formation of a 50/50 joint venture company with FBR Limited.
Firm: King & Wood Mallesons (Brickworks Limited); Unknown (FBR Limited)
Value: N/A
Area: M&A
Key players: The KWM team was led by partner David Friedlander, who was supported by partner Scott Bouvier, senior associates Jo Ruitenberg and Lauren D’Ambrosio and solicitor Henry Sit.
Deal significance: The collaboration with robotic technology company FBR gives Brickworks exclusive rights to supply concrete masonry blocks which have been optimised specifically for use with FBR’s brick-bot, Hadrian X, KWM said in a statement.
Mr Friedlander added: “We are pleased to have advised Brickworks on the formation of Fastbrick. The joint venture will potentially allow for the commercialisation of the Hadrian X, when used in combination with materials developed specifically by Brickworks for this purpose.”
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
