January 14, 2013

The Expeditious Sale of Skippy Peanut Butter to Firm Client Hormel Featured in Minnesota Lawyer

In a deal that normally takes two to three months, George Martin and Ryan Miske took only two weeks to complete the sale of Skippy peanut butter brand from Unilever United States Inc., to firm client Hormel Foods Corp. The firm's two offices in China played a significant role in facilitating quick movement on the transaction. Hormel has a major presence in China, so the deal involved unique regulatory challenges that were easily navigated by Martin and Miske, with the support of FaegreBD lawyers in the U.S. and China.

"Any deal in China is very complex to structure because of all the regulations that govern foreign investment," Martin told Minnesota Lawyer. "We had to understand the issues and structure the deal in a way that allowed us to complete it as quickly as possible and deal with all those regulations in a manner that everybody could get comfortable with and understand."

Partial text of the article can be found here. Full text is available by subscription only.

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