Miller Thomson advised Alkemy on the acquisition.
On June 17, 2022, Alkemy (K.B. Recycling Industries Ltd.) (TSXV: AKMY), (TSXV: AKMY.WT) announced the closing of its purchase of oceansix GmbH, a Germany based company focused on developing technologies and product solutions from recovered materials, from RAM.ON finance GmbH, a company beneficially owned by Mr. Gat Ramon, the founder and MD of the CABKA Group GmbH.
In consideration for oceansix, at the closing of the transaction, Alkemy issued 20,295,037 Ordinary Shares, par value NIS 0.01 each to RAM.ON finance. The transaction also includes earnout payments involving the issuance of additional Ordinary Shares to RAM.ON finance upon the achievement of certain milestones.
Alkemy is a leading environmental technology company based in Israel. Alkemy has developed a unique plastic recycling process to recycle plastic bags and sheets traditionally not considered economically viable for recycling and as such have become one of the largest plastic pollutants in the world.
CABKA is a leading recycling corporation specializing in transforming post-consumer and post-industrial waste into material-handling solutions.
The Miller Thomson team was led by Lawrence Wilder (Picture) (Capital Markets & Securities), and comprised of Mack Hossenian and Christopher Fallis (Capital Markets & Securities).
Law Firms: Miller Thomson;
Clients: Alkemy (K.B. Recycling Industries Ltd.) ;