On July 14, 2023, Australia-based Amaero International Limited, an ASX-listed company focused on becoming a global leader in titanium and specialty powder production and advanced manufacturing applications that utilize titanium and speciality alloy powder for aerospace and defense, medical, and other industries, announced that it has green lighted its flagship titanium powder manufacturing facility in Tennessee. The decision to locate to Tennessee came after the state committed economic incentives from multiple stakeholders—including the Tennessee Department of Economic and Community Development, the Cleveland-Bradley Chamber of Commerce, the Tennessee Valley Authority, and the Oak Ridge National Laboratory—to attract the relocation of the facility, as well as Amaero’s research and development and corporate headquarters. Wilson Sonsini Goodrich & Rosati advised Amaero on the transaction.

The industrial facility will accelerate installation of the titanium powder production plant, accelerate break-even operations by 12 months, and reduce working capital need by $22 million. In addition, Amaero will pursue U.S. government funding and incentives that target re-shoring advanced manufacturing and critical materials supply chain.

The Wilson Sonsini team that advised Amaero on the transaction included:

Real Estate
James McCann
Sean Wilkinson

Corporate
Rob Suffoletta

For more information, please see Amaero’s news release.