We advised our client, the Theo Müller group of companies, on the acquisition of a large brand portfolio (including Landliebe and Tuffi, amongst others) and other assets from FrieslandCampina. It was a milestone transaction for our client, which was also dubbed the "milk deal of the year" in the trade press 2022.

In the M&A process, we assisted our client from the negotiation of the non-binding offer to the final closing. During the process, several legal hurdles had to be overcome (sovereign pre-emptive rights to the real property, several due diligence findings) and solutions for the negotiating positions had to be identified in the contract negotiations. Particularly helpful in this regard was the well-coordinated and fast cooperation with the client's in-house team, as well as the interdisciplinary cooperation with our teams in the areas of employment law and taxation.

Seitz recently advised the Theo Müller group of companies on a comprehensive realignment of production, including the expansion of the Aretsried and Leppersdorf sites to include Landliebe business and the simultaneous closure of the Heilbronn and Schefflenz sites.