February 17, 2014

Bruce Engler and George Martin Offer M&A Insight in Minneapolis/St. Paul Business Journal

Mergers and acquisitions activity had a slow start last year, following a slew of deals at the end of 2012 due to capital-gains tax increases which took effect in 2013. Despite a relatively slow M&A year both locally and nationally, however, Faegre Baker Daniels was involved in several positive deals in Minnesota. Bruce Engler, Partner and M&A Practice Leader, and George Martin, Partner, spoke with the Minneapolis/St. Paul Business Journal reflecting on 2013 and looking ahead to 2014 for M&A.

Martin, who led the FaegreBD deal team representing Hormel Foods Corporation in its acquisition of Skippy® in 2013, said the success of that purchase exceeded expectations. "Hormel's acquisition of Skippy® was a tremendous boost to the company," Martin said. "It enjoyed immediate economic results, and I think the investor community resounded very favorable to the decision."

Engler explained that the Hormel/Skippy® deal benefitted Unilever, the seller, as much as the buyer. "It's a more efficient use of that asset," Engler said. "Unilever just didn't think it was getting a return on that, and it's been a tremendous acquisition for Hormel."

The complete article is available to subscribers only.
Full Article
The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.