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Closing: Delta Foods Sale of United Milk Company to Tyrbul Now Closed

Closing: Delta Foods Sale of United Milk Company to Tyrbul Now Closed

Bulgaria
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On March 23, 2023, Tabakov, Tabakova and Partners announced that Delta Foods’ sale of the United Milk Company in Bulgaria to Tyrbul (reported by CEE Legal Matters on September 7, 2022) had closed.

As previously reported, Delta Foods SMSA sold its wholly-owned Bulgarian subsidiary United Milk Company EAD to Hellenic Dairies subsidiary Tyrbul EAD. Bernitsas and Tabakov, Tabakova and Partners advised Delta Foods. Deloitte Legal advised the buyer.

Delta Foods SMSA is a member of the Vivartia Group and produces and distributes dairy products and fresh fruit juices.

According to Deloitte Legal, “Hellenic Dairies is a multinational holding performing activities related to milk and dairy products production and distribution, owning several production plants in Greece and the Balkans, and commercial subsidiaries abroad [...] United Milk Company EAD is one of the largest milk and dairy production companies in Bulgaria. UMC has 50 years of milk processing experience. They produce a wide range of products from cow, sheep, and goat milk.” Tyrbul is a wholly owned subsidiary of Greek dairy company Hellenic Dairies.

The Tabakov, Tabakova and Partners team included Partner Todor Tabakov and Senior Associate Vasil Ruykov.

Bernitsas' team included Partner Nikos Papachristopoulos and Senior Associate Sofia Kontou.

Deloitte Legal’s team included Country Legal Leader Zvezdelina Filova, Legal Managers Miglena Micheva and Kaloyan Yordanov, and Associates Kristian Nemtsov and Georgi Stefanov.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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