Tauil & Chequer Advogados assists Bunge Alimentos S.A. in a US$ 100 mi purchase
5 January 2012
Tauil & Chequer Advogados in association with Mayer Brown LLP has assisted Bunge Alimentos S.A. in the purchase of the food business from Hypermarcas, including the acquisition of brands “Etti”, “Salsaretti” and “Cajamar”. The transaction involved the amount of 100 million dollars and was closed on December 21st.
The transaction encompassed the plant in Araçatuba (São Paulo) – which produces tomato products, condiments, seasoning, pickles, instant soups, sweets and jam – and its 250 employees. Bunge said that this purchase strengthens the company´s presence in the food market. Hypermarcas has now concluded its plan to shift the business focus to the pharmaceutical and personal care segments.
Tauil & Chequer Advogados assisted Bunge since the beginning of the transaction. The lawyers also conducted the negotiation of the terms and conditions of the transaction agreements and was involved in all legal procedures for the conclusion of the acquisition.
The transaction will be subject to the review of the Brazilian antitrust authorities and the law firm will also assist Bunge in this matter.