I think you refer to the saponification reaction....i.e. the which here is the formation of a carboxylate salt from an ester under BASE hydrolysis...i.e.
Now TWO products result from the first addition of hydroxide; the acid...and an alkoxide salt...but certainly given this scenario, alkoxide is a powerful base, much more powerful than hydroxide, and would have only a transient existence in aqueous solution, and proton transfer would occur to give the alcohol, and the carboxylate salt...as shown...