Santamarina + Steta and Ramos, Ripoll & Schuster Abogados advised on the deal
Bartlett regarding executed the acquisition of a grain facility in the State of San Luis Potosí.
Bartlett, a savage company, is a diverse agribusiness focused on the acquisition, storage, transportation, processing, and merchandising of grains and agricultural products. With 112 years of history, Bartlett is a major supplier of agricultural products for Mexico and has existing facilities in Aguascalientes and Cuautitlán, in addition to the newly acquired grain facility in the State of San Luis Potosí. In the United States, Bartlett has facilities in Missouri, Kansas, Colorado, Nebraska, Iowa, Illinois, North Carolina, South Carolina and Virginia.
Last year, Bartlett merged with Savage, a leading supply-chain solutions company with expertise in transportation, logistics, materials handling and other industrial services. The combined enterprise has more than 4,500 team members in over 200 locations across North America and internationally, with corporate offices in Salt Lake City, Utah and Kansas City, Missouri. Its mission is to enable customers and partners in the agriculture, energy and chemical and environmental sectors to feed the world, power our lives and sustain the planet.
The transaction is considered important due to the expansion of Bartlett’s agribusiness in Mexico and Savage’s growing energy presence in Mexico, and is innovative because of its complexity. It involves not only the purchase of the facility itself, but also the purchase of several assets for its operation, including certain rail infrastructure, and obtaining the governmental authorizations required for its operation.
S+S advised Bartlett with a team including Juan Carlos Machorro (Picture), Alexandra Sibaja, Aaron Levet and Isaac Zatarain.
Ramos, Ripoll & Schuster Abogados, served as legal advisor to the seller.
Law Firms: Santamarina y Steta;
Clients: Bartlett and Company, Inc.;