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Binder Groesswang and Kinstellar Advise Puratos Group on Acquisition of Diamant Nahrungsmittel

Binder Groesswang and Kinstellar Advise Puratos Group on Acquisition of Diamant Nahrungsmittel

Austria
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Binder Groessswang has served as lead counsel to the Belgian Puratos Group in the acquisition of 100% of Diamant Nahrungsmittel Group from the German Werhahn Group. Kinstellar and Domanski Zakrzewski Palinka worked alongside Binder Groesswang in the Czech Republic and Poland, respectively. SCWP Schindhelm reportedly advised Diamant Nahrungsmittel Group on the transaction, which was signed and closed in Vienna on February 3, 2017.

Diamant Nahrungsmittel, 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.

Puratos is an international group of companies with a range of 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. 

According to Binder Groesswang, its advice "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 firm's team consisted of Lead Partners Michael Kutschera and Bernd Schneiderbauer, Attorney Philipp Kapl, and Associate Mona Holzgruber. They were supported by Partner Christine Dietz and Counsel Hellmut Buchroithner.

The Prague-based Kinstellar team was led by Partner Jan Juroska, supported by Associates Michal Kníz and Kristyna Del Maschio.

Neither SCWP Schindhelm nor DZP replied to our inquiries on the matter.

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