Ham-Let (Israel-Canada) Ltd (TASE:HAML) agreed to acquire S&S Valve Co. Ltd. for $9.2 million on June 17, 2018. $5 million will be paid upon completion of the transaction and an additional $1 million will depend on the performance of the S&S Valve for the years 2018 and 2019. In addition to the consideration and in accordance with the provisions of the agreement, on the closing date, Ham-Let (Israel-Canada) Ltd paid $3.2 million to the previous shareholders of S&S Valve in respect of adjustments to the balance of the bank loans in the books at the closing date. The purchase price was financed by taking a loan from a bank at variable annual interest at the rate of Libor plus 2.2%. S&S Valve Co. Ltd. recorded a turnover of $30 million in 2017. Ham-Let (Israel-Canada) Ltd (TASE:HAML) completed the acquisition of S&S Valve Co. Ltd. for $9.2 million on August 13, 2018.