Haynes and Boone, LLP has represented Parker Products in the negotiation of an investment by The Riverside Company.
Parker Products and The Riverside Company have not disclosed the terms of the deal.
Fort Worth-based Parker Products is a leading provider of specialty ingredients for the baking, dairy, beverage, confectionery, RTE and snack, and foodservice industries.
Riverside has a growing portfolio of specialty food companies, including Tate’s Bake Shop, Nustef Foods, Uinta Brewing Company and YumEarth.
Parker’s leadership team, including company President Greg Hodder, is expected to remain in place after the acquisition is complete, the company said in a press release. Parker broke ground on a new state-of-the-art facility in far northwest Fort Worth in December and plans to relocate the company’s operations there in early 2018.
Haynes and Boone advised with a team including Suzie Trigg (Picture), John McGowan, Sam Lichtman, Vicki Odette, Kellie Bobo and Catherine Peterman.
Involved fees earner: Suzanne Trigg – Haynes and Boone; John McGowan – Haynes and Boone; Kellie Bobo – Haynes and Boone; Catherine Peterman – Haynes and Boone; Sam Lichtman – Haynes and Boone; Vicki Odette – Haynes and Boone;
Law Firms: Haynes and Boone;
Clients: Parker Products Inc.;