In an interview with the Minneapolis/St. Paul Business Journal, Faegre Baker Daniels partner George Martin explained that in 2012 Minnesota companies expanded their markets abroad as economic strength spurred international transactions. According to a Minneapolis/St. Paul Business Journal analysis, nearly half of the 50 largest deals of 2012 in Minnesota involved international buyers or sellers.
Martin, who served as counsel to Hormel Foods Corporation in its recent acquisition of the Skippy® peanut butter business from London-based Unilever, expects this to be a long-term trend. He said, "I don't think this is a blip. This is a trend that is going to be sustained for years to come. It's not unique to Minnesota, but reflects a global trend in the movement of capital."