Two global engineered equipment companies merge

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.

Read the full story at dailyherald.com.

Victoria Krisman
Victoria Krisman is Interactive Media Specialist for the Intelligent Community Forum.
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