Faegre Baker Daniels represented Hormel in purchasing Skippy® from Unilever United States, Inc. to join the growing peanut butter market with a brand recognized in more than 50 countries.
The BOLD Awards honor and celebrate cutting-edge organizations and the leaders that have taken measures to positively grow, restructure, or enhance their companies for the benefit of all stakeholders. The awards honor the accomplishments of Minnesota companies, financiers, entrepreneurs and organizations that demonstrate growth in merger and acquisition activity.
The Hormel deal team worked to sign a definitive agreement within just two weeks at the end of 2012. The team, led by FaegreBD corporate partners George Martin and Ryan Miske, also bifurcated the closings to allow Hormel to purchase all Skippy® assets outside of China quickly in Jan. 2013, completing the regulatory process in China and purchasing Skippy®-related assets there in November 2013.
Hormel's acquisition of Skippy® was also recognized as a "Deal of the Year" at the 12th Annual M&A Advisor Awards in December 2013.
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