Food Safety Joint Venture
Our attorneys represented NewMarket Impressions LLC (NMI) in connection with its joint venture with Domino Printing Sciences plc to rollout new food safety technologies for the US egg industry, including laser-etched grading and traceability coding on individual eggshells. In the transaction, Domino invested $50 million for a 15 percent equity interest in the joint venture and agreed to provide egg laser-marking systems and certain services under a requirements contracts at specified pricing.
Domino is a leading worldwide manufacturer of marking equipment, whose printers are used for stamping barcodes and best-before dates on food and other products. NMI is controlled by its management and private equity firm, The Yucaipa Companies LLC.