has sold its subsidiary Safway Formwork Systems, LLC to
Grace Matthews advised Safway Services, Inc.
Safway Services, Inc. (a division of ThyssenKrupp Serv AG) decided to spin off its concrete forming subsidiary, Safway Formworks Systems. Safway Services retained Grace Matthews to sell Safway Formworks in a competitive bidding process. Grace Matthews identified a number of interested buyers and, in spite of a soft construction economy, negotiated an attractive purchase price and terms in the sale of Safway Formworks to Safway Formwork Systems Corporation.