Druces’ corporate team has advised IDEAL INDUSTRIES, INC. in connection with the sale of one of its divisions, Casella, to TSI Incorporated.
IDEAL is a global, diversified family-owned business designing and manufacturing superior products for the electrical, lighting and infrastructure industries.
Druces’ team included Antony Cotton, Adrian Footer, Claire Rigby and Kajal Sachania.
Commenting on the transaction, Jeffrey Liebling, General Counsel for IDEAL, observed:
“We were fortunate to be paired up with Antony and Claire, who led Druces’ team. We couldn’t have had a better, more dedicated team to assist us. Antony and Claire were extremely pleasant to work with and, given the complexities of the deal, that cannot be underscored as far as importance. They were also of the highest caliber in terms of negotiating, drafting and advising, and had a refreshingly practical approach.”
Druces’ partner, Antony Cotton commented:
“We are delighted to have been able to work with Jeff and his talented team at IDEAL. Given the intense nature of the deal it was crucial that we were all able to work together as a cohesive team; the end result showed we did this in spades! We look forward to continuing our relationship with IDEAL and working with them in the future.”
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