find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
GrainCorp’s double acquisition

GrainCorp’s double acquisition

Minter Ellison, Freehills and Gilbert + Tobin have acted on the purchase of edible oils' businesses.

Firms: Minter Ellison (GrainCorp and Gardner Smith on joint bid and Gardner Smith sale to GrainCorp), Freehills and Bell Gully (Goodman Fielder on the sale of Integro Foods), Gilbert + Tobin (GrainCorp on the acquisition of Gardner Smith)

Deal: GrainCorp and Gardner Smith joint bid to acquire Integro Foods and the related long-term supply arrangements. Gardner Smith sells to GrainCorp

Area: Corporate

Value: Combined purchase price of $472 million

Key players: Costas Condoleon led the Minters team, with assistance from Anthony Borgese, Gordon Williams, Antra Hood, Christopher Jordan, Nicholas Pascoe and Dennis Schubauer. John Wiliamson-Noble led for G +T. Rebecca Maslen-Stannage and Catriona McGregor advised for Freehills on the corporate aspects of the transaction, while Sarah Kenny, Shaun Reynolds, Kwok Tang and Ben Wray advised on the transitional service agreements and the long-term supply arrangements

Deal significance: GrainCorp has agreed to acquire Gardner Smith and also Goodman Fielder's commercial oils business, Integro Foods. Both businesses will be combined to form GrainCorp Oils, creating a leading integrated edible oils business. The Integro business has three manufacturing sites, which will transfer as part of the sale, two in Australia and one in New Zealand. The sale excludes Goodman Fielder’s out-of-home business in Australia and its Asia-Pacific fats and oils business. The sale is expected to complete at the beginning of October and Goodman Fielder will provide the buyer with short-term transitional assistance after the sale. As part of the deal, Goodman Fielder will enter into a long-term supply arrangement with GrainCorp and Gardner Smith for the supply of oil and finished goods to Goodman Fielder, thereby securing and delivering an efficient supply chain.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

GrainCorp’s double acquisition
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Lawyers warn against mandatory sentencing measures amid political jeers
Mandatory sentencing has become a topic for politicians on both sides of Federal Parliament to jostl...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...