carbon neutrality

Global law firm White & Case LLP has successfully advised Toyota Tsusho Corporation, a prominent Japanese trading firm, on its acquisition of North America-based Radius Recycling, Inc. The deal, valued at US$1.34 billion, marks a significant move toward enhancing circular economy practices and accelerating global decarbonization efforts. The acquisition strengthens Toyota Tsusho’s focus on sustainable business strategies by leveraging Radius Recycling’s operational strengths and infrastructure. The integration is aimed at establishing a closed-loop supply chain centered around recycled materials, which is expected to bolster the supply of high-quality recycling resources in North America. This strategic alignment supports Toyota Tsusho’s broader mission of promoting carbon neutrality in manufacturing processes worldwide. White & Case partner Nels Hansen, who co-led the cross-border legal team, emphasized the importance of the transaction. “White & Case advised on a transaction which demonstrates Toyota Tsusho’s commitment to expanding circular economy initiatives and supporting the accelerated global efforts toward achieving carbon neutrality,” Hansen noted. The legal team for this complex transaction was led by Hansen along with Jun Usami and Shino Asayama from the Tokyo office. The international team included experts across key global offices, including New York, Chicago, Washington, DC, Los Angeles, Silicon Valley, and Düsseldorf—demonstrating White & Case’s strength in handling intricate multinational deals. This acquisition further underlines Toyota Tsusho’s global sustainability goals and solidifies White & Case’s reputation as a leading law firm for outbound Japanese M&A transactions. Source: White case