George Kelk Corporation Completes Sale to Vishay Precision Group, Inc.January 31, 2013
George Kelk Corporation (“Kelk”) completed the sale of substantially all of its assets to a newly-formed Canadian subsidiary of Vishay Precision Group, Inc. (“VPG”) for an aggregate purchase price of approximately $50 million. Founded in 1953, Kelk is a leading designer and manufacturer of state-of-the-art electronic measurement equipment used in steel and aluminum rolling mills, paper mills, and mining applications around the world, and has been named as one of “Canada’s 50 Best Managed Companies” for the past four consecutive years. VPG is a leading North American designer, manufacturer and marketer of resistive foil technology products and is listed on the New York Stock Exchange (Symbol: VPG).
Wildeboer Dellelce LLP acted as counsel to Kelk in connection with the sale with a team consisting of Rob Wortzman, Ellen Phan, and Andrea Hill (corporate/securities) and Kevin Fritz (tax).