Sweet taste of success for lawyers

Jon Kenworthy
Jon Kenworthy
0
Have your say

Lawyers from DLA Piper’s Sheffield office have helped US food and personal care products group Hain Celestial to tie up a £200 million UK acquisition.

The team, led by Sheffield-based corporate partner Jon Kenworthy (pictured), worked with colleagues in the US to advise Hain Celestial on its acquisition of Premier Foods’ Histon plant in Cambridgeshire and its portfolio of market-leading sweet spreads and jellies.

Brands involved in the deal include Sun-Pat peanut butter, Hartley’s, Robertson’s and Frank Cooper’s jams and other fruit products and Gale’s honey.

Hain Celestial’s founder and chief executive, Irwin Simon, said: “In order for Hain Celestial to become one of the largest healthy food companies in the United Kingdom, we needed to expand into ambient grocery where we can leverage Hain Celestial’s track record of success from the United States and Canada.

“The acquisition of the Premier Foods brands furthers our goal to expand in the United Kingdom and positions the new expanded business in the top 40 of all food and beverage suppliers in the United Kingdom.”

DLA Piper’s relationship partner and UK head of corporate, Bob Bishop, coordinated the DLA Piper teams, who included David Beech, Paul Roberts and Juan Perez Tejedor and its American arm, which provided advice on US securities issues.

The deal is DLA Piper’s fourth involving Hain Celestial during the last 12 months.

Others included the acquisitions of The Daniels Group and the Cully & Sully brand in Ireland and the sale of International Cuisine, a UK-based chilled ready meal business which the US firm acquired as part of Daniels.