America’s ITT buys kibbutz valve company Habonim for USD 140 million
US engineering components manufacturer ITT will acquire Israeli valve manufacturer Habonim for USD 140 million in an all-cash transaction. Habonim, based on Kibbutz Kfar Hanassi in the Upper Galilee, will become part of ITT’s Industrial Process (IP) segment.
Greenberg Traurig represented ITT, Meitar advised on the Israeli aspects of the deal, with Erdinast, Ben Nathan, Toledano & Co., with Hamburger Evron, acting for Habonim and for Tene Investment Fund.
Greenberg Traurig‘s team was led by Joey Shabot (GT Tel Aviv Managing Shareholder) and Corporate attorneys Ephraim Schmeidler and Aaron Katz. EBN‘s team was led by Partner Lior Oren and Associates Peter Teishev and Shani Even-Zahav, with Labor law Partner Eyal Birenberg and associate Bar Artzy.
Based on Kibbutz Kfar Hanassi, Habonim designs and manufactures valves, valve automation for the gas distribution (including LNG), biotech and harsh application service sectors.
Read more here.
