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ZML |
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In exchange therefor, Corgi is expected to, among other things, pay to Zindart Manufacturing Limited ("ZML") a portion of Corgi's intercompany obligations owed to ZML with respect to inventory received by Corgi waive certain intercompany obligations owed by ZML to other entities within the Corgi group and assume or discharge a portion of ZML's banking obligations and capital leases. Last fall, Vestar acquired SAB Wabco, a leading European designer and manufacturer of brake systems for the railroad industry and ZML, an Italian-based manufacturer of components for household appliances and the automotive industry. |
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