Our firm represented Plasson USA, LLC, a wholly-owned subsidiary of Plasson Ltd. and Plasson Industries Ltd.(TASE 125), in the negotiation and completion of an agreement for the sale of a substantial portion of its manufacturing business to ISCO Industries Inc., for a total consideration of $8 million U.S. Dollars, and an additional contingent consideration of up to $1 million U.S. Dollars, based on receivables from future projects.
The transaction, which was completed in a record time for this type of transactions, allowed us to demonstrate once again our distinct capabilities as a boutique law-firm, which specializes in local, cross-border and U.S. M&A transactions, and provides its clients with top-notch legal representation, tailor-made to their specific needs.
We were very proud to represent the Plasson Group once again in its international activity, and we wish to thank Plasson’s management for their unequivocal trust in us.
Below please find the immediate report issued to the Tel Aviv Stock Exchange in connection with the transaction: