Husch Blackwell served as seller’s counsel to Green Plains Inc., a publicly traded diversified commodity-processing company, in its $350 million stock purchase agreement with Kerry Group to sell the Fleischmann’s Vinegar Company, Inc., a California-based, USDA-certified all-natural producer of specialty ingredients.
The transaction value is subject to certain post-closing working capital adjustments and is expected to close during the fourth quarter of 2018, subject to customary closing conditions and regulatory approvals.
The transaction comes on the heels of Green Plains’ announced $300 million sale of three ethanol plants to Valero Renewable Fuels Company LLC earlier in October, as well as a related transaction involving a $120.9 million asset purchase agreement with Green Plains Partners LP to acquire the storage and transportation assets and the assignment of railcar leases associated with the ethanol plants. Husch Blackwell served as lead M&A counsel in each of these transactions.