Olshan Closes Divestiture of RFL Electronics by SL Industries

PRNewswire posted a press release announcing the divestiture of RFL Electronics Inc. by SL Industries, Inc., a leading supplier of engineered power and motion control solutions. The divestiture is structured as a stock transaction with a cash sales price totaling $20 million, less transaction fees and subject to a final working capital adjustment. Olshan represented SL Industries in RFL’s sale to Hubbell Power Systems, Inc., a subsidiary of Hubbell Incorporated.