M&A 2019 Annual Review

POPCHIPS Morrison & Foerster represented Sonora Mills Foods, Inc. in its recent sale to VMG Partners. Sonora Mills is the maker of popchips, one of the leading better-for-you snack brands in North America. Morrison & Foerster has worked with Sonora for more than 10 years, starting with the launch of the iconic popchips brand, which redefined the snack space by creating a new category in popped snacks. In 2012, Morrison & Foerster advised popchips in its sale of a majority interest to Verlinvest and, in 2018, the firm represented Sonora in the sale of the European snack business to Intersnack. 21 MORRISON & FOERSTER 2019 M&A ANNUAL REVIEW

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