XMS Capital Partners Serves as Exclusive Financial Advisor to Green Plains, Inc. on the Sale of Fleischmann's Vinegar to Kerry Group for $350 Million

XMS Capital Partners, LLC ("XMS"), a global, independent financial services firm focused on providing M&A, corporate advisory and asset management services, announced that it served as financial advisor to Green Plains Inc. GPRE on the sale of Fleischmann's Vinegar, Inc. to Kerry Group for $350 million in cash, subject to certain post-closing working capital adjustments.

Fleischmann's Vinegar is a USDA certified all-natural producer of specialty ingredients that supports Kerry's taste and clean label strategies across a number of end-use markets. Fleischmann's is headquartered in California with seven manufacturing facilities across the United States.

Brett Lilley, Executive Director of XMS Capital commented, "Fleischmann's is an exciting clean label ingredients business with exposure to high-growth customers and category leaders. The acquisition of targets within this space remains highly competitive as the food and beverage landscape continues to experience unprecedented change in consumer behavior."

"The sale of Fleischmann's Vinegar marks a major milestone of our portfolio optimization plan which creates significant value for our shareholders as we continue to prove value of our asset base and position the company for the future." said Todd Becker, President and CEO of Green Plains "Once completed, this transaction, plus the proceeds from the sale of the three ethanol facilities announced earlier this month, gives the company the ability to completely pay off our term loan B, invest in high-protein distillers grains process technology and repurchase shares when our stock is undervalued."

Ted Brombach, Co-Founder of XMS Capital noted, "We have worked with Green Plains since 2007 and are grateful for our role as the lead advisor to Green Plains in its portfolio optimization plan, as well as our role as the exclusive financial advisor in the sale of Fleischmann's. We are also excited for the Kerry team to continue to build and grow the business."

The closing of the transaction is expected to occur during the fourth quarter of 2018 and is subject to customary closing conditions and regulatory approvals.

About XMS Capital Partners

XMS Capital Partners is a global, independent financial services firm providing M&A, corporate advisory and asset management services. It has offices in Chicago, London and Dublin. XMS Capital Partners, LLC is a FINRA member and SIPC member. For more information, visit www.xmscapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181025005467/en/