Goodwin represented Stone Canyon Industries and the other selling stockholders in the sale of SCI Ingredients Holdings, Inc., and its wholly owned operating subsidiary, Fleischmann's Vinegar Company, Inc. (Fleischmann's Vinegar), to Green Plains Inc. (NASDAQ: GPRE) for $250 million. Fleischmann's Vinegar is the world's largest manufacturer and marketer of food-grade industrial vinegar.
Stone Canyon Industries, LLC is a global industrial holding company based in Santa Monica, California with subsidiaries involved in consumer & retail, food & ingredients, industrial, technology & business services and transportation. The company focuses on acquiring market-leading companies with strong management teams in highly defensible industries around the world.
Green Plains Inc.is a diversified commodity-processing business with operations related to ethanol, distillers grains and corn oil production; grain handling and storage; a cattle feedlot; and commodity marketing and distribution services. The company is the second largest consolidated owner of ethanol production facilities in the world, with 17 dry mill plants, producing nearly 1.5 billion gallons of ethanol at full capacity.
Goodwin also represented Stone Canyon Industries in its 2015 acquisition of Fleishman’s Vinegar.
The Goodwin team advising Stone Canyon included: partner Thomas Meriam, associates Oreste Cipolla and Anne Cataldo (Private Equity); partner Joanne Gray (Products Liability); partner Janet Andolina (Tax); senior attorney Nathan Brodeur (Environmental); associate Alexandra Denniston (ERISA); partner Albert Solecki and counsel Christina Bouchot (Labor and Employment); partner Joel Lehrer (Technology), with invaluable assistance from senior paralegals Servillano Abella and Bryan Snyder.
For more information on the transaction, please view Stone Canyon’s press release.