Debevoise & Plimpton LLP is advising Kelso & Company (“Kelso”) in the acquisition by Eagle Family Foods Group LLC (“Eagle”), an entity formed by funds affiliated with Kelso, of the J.M. Smucker Company’s U.S. canned milk brands and operations. The transaction includes canned milk products that are primarily sold in U.S. retail and foodservice channels under the Eagle Brand® and Magnolia® brands, along with other branded and nonbranded trade names, with annual net sales of approximately $200 million. The transaction is expected to close by the end of calendar 2015. Additional terms and conditions were not disclosed.
The Debevoise team is led by partner Michael A. Diz and includes partners Michael Bolotin, Paul D. Brusiloff, Jonathan F. Lewis, counsel Stuart Hammer and associates Jessica Batzell, Tomer Dorfan, Douglas Hirn, Andrew M. Hirsch, Michael J. Milazzo, Chadé Shirl Severin, Maxine Sharavsky and Patricia Teixeira.
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