Duravant LLC in Downers Grove announced the completion of its acquisition of Key Technology Inc., a designer and manufacturer of digital sorting, inspection, conveying and processing equipment, for $26.75 per share in cash, without interest, and net of applicable withholding of taxes.

Duravant, a global engineered equipment and automation solutions provider to the food processing, packaging and material handling sectors, first announced the acquisition agreement on Jan. 25.

As a result of the merger, Key Technology has become a wholly-owned subsidiary of Duravant and the common stock of Key Technology will no longer be listed for trading on the NASDAQ Global Select Market.

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