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Simpson Thacher Represents Pinnacle Foods in $580 Million Acquisition of Wish-Bone Salad Dressings

12 Aug 2013

Simpson Thacher is representing Pinnacle Foods Inc. in its $580 million acquisition of the Wish-Bone salad dressings business from Unilever PLC. Pinnacle Foods is controlled by investment funds affiliated with The Blackstone Group L.P.

Wish-Bone is a leading salad dressing brand, holding the #1 share position in the Italian segment. The portfolio being acquired includes a broad range of liquid and dry-mix salad dressing flavors under the Wish-Bone and Western brand names.

Pinnacle Foods is a leading producer, marketer and distributor of high-quality branded food products in North America. Pinnacle Foods’ brands include Duncan Hines, Vlasic pickles, Mrs. Butterworth’s and Log Cabin syrups, Birds Eye, Van de Kamp’s and Mrs. Paul’s frozen prepared seafood, Hungry-Man® frozen dinners and entrées, Aunt Jemima® frozen breakfasts and Lender’s bagels.

The Simpson Thacher team includes Dan Clivner, Michael Reeves and Denis Griffin (M&A), Alden Millard, Brian Gluck and Seth Niedermayer (Credit), Joshua Walker and Michael Hasper (Intellectual Property), Gary Mandel, Jason Vollbracht and Michael Cardella (Tax), Greg Grogan and Sarah Naseman (Executive Compensation and Employee Benefits) and David Vann (Antitrust).

Matter Type
Asset Sale: Acquiror's Counsel
Industry
Food & Beverage
News Category
M&A