Binder Grösswang Advised Belgian Puratos Group in Acquisition of Diamant Nahrungsmittel
Binder Grösswang was the lead counsel advising the Belgian Puratos Group in the acquisition of 100% of Diamant Nahrungsmittel Group from the German Werhahn Group. Diamant Nahrungsmittel Group, with headquarters in the Austrian town of Wels and subsidiaries in Poland and the Czech Republic, employs more than 140 staff, producing and distributing baking ingredients in Europe and Asia.
Legal advisory services included support to the Puratos Group in the bidding procedure, the performance/coordination of a transnational due diligence review, checks under competition law and the review of complex trademark law aspects as well as the negotiation and drafting of the contractual documents.
The signing (and closing of the transaction) took place in Vienna on 03 February 2017.
Puratos is an international group of companies with an extensive range of innovative products and practical experience in bakery, patisserie and chocolate manufacturing. It is headquartered in Brussels, Belgium. Puratos products and services are available in more than 100 countries worldwide. Through the acquisition, Puratos will further enhance its business in the Austrian market and continue to expand its already strong position in Central and Eastern Europe.
The Binder Grösswang core team comprised lead partners Michael Kutschera and Bernd Schneiderbauer, Philipp Kapl (Attorney) and Mona Holzgruber (Associate, all Corporate M&A). In the transaction, they were supported by Christine Dietz (Antitrust Law, Partner) and Hellmut Buchroithner (IP Law, Counsel).
In this international transaction, further support to Binder Grösswang was provided by the law firms Domański Zakrzewski Palinka sp. k. (DZP, Poland) and Kinstellar (Czech Republic).