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International food merger goes live
Mills Oakley and HWL Ebsworth have advised on an international merger between two food establishments, in a deal that will create a company with approximately $600 million in annual revenues.
Emma Musgrave
Firms: Mills Oakley (Turi Foods); HWL Ebsworth (OSI International Foods)
Value: Approximately $600 million.
Area: Corporate.
Key players: The Mills Oakley team was led by corporate partner Daniel Livingston, with assistance from special counsel Nicole Tumiati and lawyers Luke Duggan and Scott Colvin.
Deal significance: According to a statement from Mills Oakley, the merged entity, TUROSI Pty Ltd, will be a significant player in the domestic food production market. TUROSI will continue to operate the vertically-integrated Turi Foods and OSI International Foods businesses in their existing capacities, the firm said.
The statement from Mills Oakley said the merger between the two companies will create one entity with around $600 in annual revenues.
“We enjoyed the opportunity to work with Turi Foods on a large scale transaction, allowing us to demonstrate the capabilities of the Mills Oakley M&A team," said partner Daniel Livingston.
"This deal further highlights the continued strength of the domestic M&A market.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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