TreeHouse Foods’ $242.5 Million Acquisition of Riviana Foods

TreeHouse Foods' $242.5 Million Acquisition of Riviana Foods

Winston & Strawn represented TreeHouse Foods in the transaction. Locke Lord LLP advised Ebro Group on the deal.

TreeHouse Foods (NYSE: THS), an Illinois-based manufacturer and distributor of private label packaged foods and beverages in North America, executed the majority acquisition of the U.S. branded pasta portfolio of Riviana Foods, a subsidiary of Ebro based in Texas, for $242.5 million in cash. The acquisition includes the following regional brands: Skinner, No Yolks, American Beauty, Creamette, San Giorgio, Prince and Light ‘n Fluffy, Mrs. Weiss’, Wacky Mac, P&R Procino-Rossi and New Mill and the St. Louis manufacturing facility, which employs approximately 90 people. The acquisition does not include the Ronzoni national brand, or its Winchester, Va. and Fresno, Calif. plants. Upon completion of the transaction, TreeHouse expects its leverage ratio to remain in the 3.0x to 3.5x range.

Winston & Strawn represented TreeHouse Foods with a team including partners Donald E. Goff, Jr. (Picture), Eleni Kouimelis, Matt Stevens, Bruce A. Toth, Louis J. Weber, of cousel Laura Franco, associates Jessica A. Lietz, and Katie Mariani.

The Locke Lord team was led by Steve Peterson (Picture) and also included  Jennie Simmons, Janet Militello, Gerry Pels, Paul Pruett, Ed Razim, Buddy Sanders, Mitch Tiras, Sara Longtain, Caleb Dunson, Kirby Gilbert, Thomas Johnson, Andrew Nelson, Shannon Collins Schroeder and Kelly Smit (all of Houston), Allen Woolley and Michael Conroy (Chicago), Van Jolas, Paul Nason, Robin Shaughnessy and Brad Weber (all of Dallas) and Jaremi Chilton (San Francisco).

Involved fees earner: Jaremi Chilton – Locke Lord; Shannon Schroeder – Locke Lord; Michael Conroy – Locke Lord; Caleb Dunson – Locke Lord; Kirby Gilbert – Locke Lord; Van Jolas – Locke Lord; Sara Longtain – Locke Lord; Janet Militello – Locke Lord; Paul Nason – Locke Lord; Andrew Nelson – Locke Lord; Gerald Pels – Locke Lord; Steve Peterson – Locke Lord; Paul Pruett – Locke Lord; Edward Razim III – Locke Lord; Buddy Sanders – Locke Lord; Robin Shaughnessy – Locke Lord; Jenelle Simmons – Locke Lord; Kelly Smit – Locke Lord; Mitch Tiras – Locke Lord; Bradley Weber – Locke Lord; Allen Woolley – Locke Lord; Laura Franco – Winston & Strawn; Donald Goff – Winston & Strawn; Eleni Kouimelis – Winston & Strawn; Jessica Lietz – Winston & Strawn; Katie Mariani – Winston & Strawn; Matt Stevens – Winston & Strawn; Bruce Toth – Winston & Strawn; Louis Weber – Winston & Strawn;

Law Firms: Locke Lord; Winston & Strawn;

Clients: Ebro Group; TreeHouse Foods, Inc.;

Author: Ambrogio Visconti