SÃO PAULO, October 4, 2011 – International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Andrew Jánszky, head of the Latin America Practice Group and São Paulo office, and Roland Hlawaty, partner in the Global Corporate Group, represented São Paulo-based Marfrig Alimentos SA (“Marfrig Group”), one of the world’s largest food producers, in the sale of the quick service restaurants (QSR) logistics assets and businesses in the USA, Europe, Middle East, Oceania and Asia from its subsidiary Keystone Foods, LLC for US$400 million to Illinois-based distributor The Martin-Brower Company, L.L.C. The sale includes trucks and storage facilities and a logistics business that primarily distributes cups, straws and other materials to QSRs. Keystone Foods and all Marfrig Group business divisions will continue to own distribution systems for its own meats and food products.
“The sale of these distribution and logistics assets will allow Marfrig Group and Keystone Foods to focus strategically on their core proteins business and leverage their considerable global competency in beef, pork, poultry, and fish processing and boost its cash position” said Mr. Jánszky.
Marfrig’s in-house counsel on this matter includes Heraldo Geres, Marta Kheirallah, Renato Camara Lopes and Priscila Sousa. Additional Milbank attorneys involved in this transaction include associates Fabiana Sakai, Dean Sattler and John Timmermann.
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