ZAG/S&W Advises Publicly Traded Kibbutz Company on U.S. Acquisition

ZAG/S&W advised Plasson Ltd., an Israeli manufacturer of plastic pipe accessories, in its acquisition of a 77 percent interest in Industrial Pipe Fittings LLC, a Texas-based, privately held company for $15 million. Plasson is part of Kibbutz Ma’agan Michael, which formed the company in 1964 when a group of agriculturalists decided that farming was becoming more dependent on technology. The Israeli Kibbutz movement was once primarily comprised of farming cooperatives but now consists of some of the most successful industrial and technology companies in Israel.