On January 13, 2006, Kraft Canada Inc. completed the sale of its canned fruit and vegetable, soup and Italian foods businesses to CanGro Foods, Inc., a newly-formed affiliate of Sun Capital Partners, Inc. and EG Capital Group, LLC. The sale included Del Monte and Aylmer fruit and vegetables, Primo Italian foods, Ideal vegetables, Il Migliore and Roma pasta, and five manufacturing facilities in Ontario and Quebec. Financial terms were not disclosed, but the products included in the sale were expected to post net revenue of $300 million in 2005.
The Kraft legal team consisted of Ian Cross and Rosanne Angotti, along with Lang Michener LLP with a team that included Patrick Phelan, Greg McIlwain, Jeff Heinbuch and Matt German (corporate), Kalle Soomer, Q.C., (tax and pensions), Larry Levenstein (pensions), Bill Rowlands and John Payne (real estate), James Musgrove (competition), Michael Mulroy and George Waggott (employment) and Shane Hardy (IP).
CanGro Foods was represented by Blake, Cassels & Graydon LLP with a team that included Frank Arnone, Andrea Freund and Mario Nigro (corporate), Connie Reeve and Natalie Bussière (employment), Jeff Sommers and Paul Dimitriadis (pensions and benefits), Robert Fishlock (environmental), John Hutmacher and Marise Chabot (real estate), Jeff Trossman, Paul Stepak and Robert Kreklewich (tax), Mark Penner and Sean Zhang (IP), Navin Joneja (competition) and Martin Herman (financial services).
The Kraft legal team consisted of Ian Cross and Rosanne Angotti, along with Lang Michener LLP with a team that included Patrick Phelan, Greg McIlwain, Jeff Heinbuch and Matt German (corporate), Kalle Soomer, Q.C., (tax and pensions), Larry Levenstein (pensions), Bill Rowlands and John Payne (real estate), James Musgrove (competition), Michael Mulroy and George Waggott (employment) and Shane Hardy (IP).
CanGro Foods was represented by Blake, Cassels & Graydon LLP with a team that included Frank Arnone, Andrea Freund and Mario Nigro (corporate), Connie Reeve and Natalie Bussière (employment), Jeff Sommers and Paul Dimitriadis (pensions and benefits), Robert Fishlock (environmental), John Hutmacher and Marise Chabot (real estate), Jeff Trossman, Paul Stepak and Robert Kreklewich (tax), Mark Penner and Sean Zhang (IP), Navin Joneja (competition) and Martin Herman (financial services).
