Tonkon Torp led Oregon's largest M&A transaction in 2017, the $700 million acquisition of Tualatin-based Pacific Foods of Oregon LLC by Campbell Investment Company. Pacific Foods is an iconic, nationally distributed organic food brand founded in 1987. Campbell will continue to operate Pacific Foods out of Tualatin, where more than 500 people are employed.
Sherrill Corbett, chair of the firm’s Mergers & Acquisitions Practice Group, led the transaction, alongside client lead attorney Bruce Berning. From the firm’s deep bench of skilled lawyers, Sherrill and Bruce assembled a group of attorneys who could deftly handle the many legal challenges that were presented in the transaction. The team effectively worked through every M&A issue that arose in the transaction, including tax matters, intellectual property analysis, employee benefit plan review, and a Hart-Scott-Rodino (HSR) antitrust filing with the Federal Trade Commission.
The Tonkon Torp attorneys who led specific areas of the transaction alongside Bruce and Sherrill include Ryan Bledsoe and Anna Sortun (Litigation), Tyler Harkness (Corporate Law), Mark LeRoux (Tax), Michael Millender (Employee Benefits), and Scott Seidman (HSR).