Meltzer Lippe Represents Seller in Sale of School Supply Business

The Corporate Practice Group at Meltzer, Lippe, Goldstein & Breitstone, LLP recently represented a client in connection with the sale of its business. The client manufactured, distributed and sold office and school supplies, art and crafts products and accessories throughout the United States. What made the matter difficult was the insistence by the buyer that our client continue to run the business for the sole benefit of the buyer for a period of nearly a year following the closing. We had to work closely with our client to ensure that he was not taking on risks that should not be his following a sale of the business.

The Meltzer Lippe team on the transaction was led by Ira R. Halperin, Corporate Department Chair, along with Alexander M. Gayer, Eido Jacobowitz and Kelly Fitzgerald.