Founded in 1956, Shick Solutions was a family-owned, Kansas City-based manufacturer of automation systems for food products found in many of the fast-food restaurants and convenience stores we all know and use regularly. Over the last 61 years, Shick became a global industry player supplying equipment and processes to move raw materials around food industry factories.
Led by Eric Mikkelson, a team of attorneys from multiple practice areas represented Shick as its second-generation Ungashick owner-brothers negotiated and closed an asset transaction with Breteche Industrie Group, a French private equity portfolio company. The deal gives Breteche a foothold in North America and expands Shick’s market reach in Europe and beyond.
With Reed Smith, Paul Hastings, Dinsmore, French counsel and multiple other law firms involved on behalf of multiple other parties, this cross-border transaction presented a number of unique challenges. We successfully closed on July 26, 2016. The client is thrilled with our work and the results we achieved.