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Deal Date: 16-06-2011 Practice Area: Corporate and M&A
Deal Title: Cargill acquisition of Schwartauer Werke chocolate business Industry: Food Producers
Allen & Overy LLP advised Cargill on the acquisition of the business operations of "Schwartauer Werke GmbH & Co. KG Kakao Verarbeitung Berlin (KVB)", an integrated German chocolate producer. KVB, a group company of the AOH Nahrungsmittel Group based in Bad Schwartau, has two production plants located in Berlin with a capacity of over 75,000 tonnes of chocolate per year and around 180 employees.  The parties agreed not to disclose the purchase price.  The transaction was completed successfully in early June 2011. KVB's two Berlin plants will complement Cargill's existing German cocoa and chocolate facilities located in Klein-Schierstedt and Hamburg.  Once integrated into Cargill, both KVB and its customers will fully benefit from Cargill's comprehensive knowledge in the fields of cocoa and chocolate and its broad expertise in food ingredients and technologies. Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services.  Founded in 1865, the private company employs 131,000 people in 66 countries.  Cargill has been active in Germany since 1955 and has around 1,600 employees at 12 locations in the country. The Allen & Overy team was led by partner Justin Steer (Amsterdam) and included Dr. Sorika Pluskat (Düsseldorf, both corporate/M&A), partners Tobias Neufeld (Düsseldorf, employment & benefits), Dr. Heike Weber (Frankfurt, tax), Dr. Martin Bechtold (Brussels, competition), Counsel Dr. Bettina Enderle (Frankfurt am Main, public law), associates Krisztian Rozsa and Christian Ronge (both corporate/M&A), Johannes Michels (employment & benefits, all Düsseldorf), Dr. Dominik Roderburg (Frankfurt am Main, tax), Dr. Volker Rosengarten (trademark law), Dr. Markus Grühn (real estate, both Hamburg) and Elke Winter (Brussels, competition). Cargill was advised in-house by Niels van Mourik (Senior Legal Counsel, Amsterdam) and Stefan Horn, Lead Lawyer Germany.
Financial Center: Amsterdam Value: 100.01-500.00
Advised Party: Acquiror Law Firm
Target Company Jurisdiction: Germany Acquiror Jurisdiction: Germany
Classification: Strategic Buyer Acquisitions Private Company
Lawyer Justin Steer