K&L Gates Advised SFOOD Inc. and S Foods USA Inc. on Strategic Acquisition of Old World Provisions and OWP Boston, Facilitating Entry into the North American Market
K&L Gates Advised SFOOD Inc. and S Foods USA Inc. on Strategic Acquisition of Old World Provisions and OWP Boston, Facilitating Entry into the North American Market
Global law firm K&L Gates LLP advised SFOOD Inc. (SFOOD) and its US subsidiary S Foods USA Inc. (S Foods USA) in its acquisition of a majority stake in the parent company of Old World Provisions, Inc. (OWP) and OWP Boston LLC (OWP Boston). OWP and OWP Boston are premium meat processing companies based in New York and Massachusetts. The acquisition secures SFOOD’s foothold into the North American market by establishing an integrated system encompassing local production, sales, and marketing. K&L Gates worked with South Korea-based law firm Kim & Chang for its representation of SFOOD and S Foods USA in the transaction. Both firms have a long relationship of jointly assisting clients with Korean/US cross-border transactions.
Southwell said, “We were thrilled to represent a great Korean company like SFOOD Inc. and its US subsidiary S Foods USA Inc. as they broaden their influence in the highly competitive food sector. It was wonderful to work with the dedicated and business-savvy people from SFOOD and S Foods USA. In addition, working together with smart and hard-working team from Kim & Chang helped make this a successful transaction. This deal showcases how K&L Gates is positioned to bring lawyers from across many practice groups and offices to handle complex transactions and nuanced substantive matters for clients.”
The K&L Gates team was led by a dedicated group of partners, counsel, associates, and paralegals. In particular, Pittsburgh Scott Graham (Partner) coordinated certain financing matters, San Francisco Natalie Rainer (Partner), addressed food regulatory issues, Seattle Jacob Moss (Counsel) handled real estate transactions, Chicago Mitch Weiss (Partner), and Jacob Trevik (Partner),worked on international tax matters, and Charlotte Devan Patrick (Partner), advised on domestic tax issues.
Seoul managing Tyler Hong Shik (Partner), Won, an intellectual property and antitrust lawyer, was the relationship partner providing Korean and US resources. Chicago corporate/M&A and private equity Todd Southwell (Partner), led the large international transaction team for K&L Gates, which included Corporate/M&A Nashville Leah Eubanks (Associate), and Chicago Jamie Thompson (Associate). K&L Gates frequently represents clients in similar cross-border M&A transactions and advised companies seeking to conduct transactions and business in the United States.
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