The firm served as counsel to Rousselot Holdings Inc. (Rousselot) and Vion N.V. (Vion) in Rousselot’s acquisition of Eastman Gelatine Corporation from Eastman Kodak Company. The transaction closed on December 30, 2011 and financial details were not disclosed.
Eastman Gelatine Corporation is based in Peabody, MA, and manufactures approximately 5,500 tons of gelatin per annum for the photographic, pharmaceutical, edible protein and food/confectionery market sectors. As part of the transaction, Rousselot acquired approximately 575,000 square feet of production space and approximately 95 employees of Eastman Gelatine Corporation continued with the business. Following the closing, the company changed its name to Rousselot Peabody Inc. The acquisition contributes to Rousselot’s strategy of worldwide presence in gelatin and proximity to customers and will add to its leading position in gelatin manufacturing worldwide.
The firm’s representation of Rousselot and Vion included performing due diligence, advice and assistance during negotiations, drafting of the stock purchase and sale agreement and related agreements and documentation.