Tonkon Torp and Law Firm Alliance Partner Facilitate Key Technology Merger
Tonkon Torp represented Key Technology in its acquisition of Belgium-based Visys N.V. The deal, valued at approximately $21 million, created a single, complete source of high-performance digital sorting technologies for food processing and other industrial markets. The transaction involved substantial due diligence regarding intellectual property litigation matters and the acquisition of a company partially owned by Belgian regional government entities.
Corporate finance and securities lawyers Ronald Greenman, Tom Palmer, Jeffrey Woodcox and Drea Schmidt led the team from Portland. They engaged with Law Firm Alliance partner Everest, in Brussels, to enhance communication and timely closure of the deal with Visys. Tonkon Torp and Everest are members of the Law Firm Alliance, an exclusive strategic alliance of mid-sized law firms which provides clients with high quality, cost effective legal services across international boundaries.
Headquartered in Walla Walla, Washington, Key Technology is a global leader in the design and manufacture of inspection and material handling equipment for the food processing, industrial and pharmaceutical industries. The 65-year-old, publicly traded company has facilities in the Pacific Northwest and Europe.
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