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DORDA advises EMMI on acquisition of majority stake in Austrian organic dairy

Tuesday, 23 April 2019

Martin Brodey, Partner and Head of DORDA’s Corporate M&A Practice Group, advised the leading Swiss milk processor, EMMI AG, on the acquisition of a majority stake in the Austrian suppliers of organic goat milk and sheep milk products Leeb Biomilch GmbH and its affiliate company Hale GmbH. The sellers of the 66% shares are its shareholders Hubert Leeb and Jörg Hackenbuchner, who will remain in the company as managing directors and co-owners even after the takeover. The transaction is expected to close in the summer of 2019, and is subject to approval by the competition authorities. The parties have agreed not to disclose the purchase price.

The EMMI group has over 6.000 employees in Switzerland and abroad, with subsidiaries in 14 countries. The group has 32 production facilities and exports high-quality milk products to around 60 countries.

Leeb Biomilch GmbH, a family-owned company is known as an innovative organic dairy in the Kremstal valley, Upper Austria. Hale GmbH is an affiliated company of Leeb which develops and distributes vegan organic products.

The buyer, EMMI AG, was advised by Martin Brodey, who was in charge of the transaction. He was supported by Patricia Backhausen (Associate, Corporate / M&A) from his team as well as Heinrich Kühnert (Partner, Competition and Antitrust Law) and Elisabeth König (Of Counsel, Antitrust Law) who advised on the antitrust aspects of the transaction. Furthermore Thomas Angermair (Partner, Employment Law), Bernhard Müller (Partner, Public Law), Felix Hörlsberger (Partner, Insurance Law), Lisa Kulmer (Attorney at Law, Employment Law), Theresa Nindl (Associate, Employment Law), Günther Posch (Associate, Employment Law), Marie-Luise Pugl (Attorney at Law, Real Estate Law), Caroline Lessky (Associate, Real Estate Law), Andreas Seling (Attorney at Law, IP/IT), Tullia Veronesi (Associate, IT/IP), Dominik Widl (Associate, Public law), Lisa Todeschini (Associate, Antitrust Law), Georg Mühlbauer (Associate, Insurance Law) and Jakob Kupka (Associate, Banking & Finance) were also involved in the transaction.

Martin Brodey on the transaction: "When a family business brings in new stakeholders and the previous owners continue to operate, it is essential to create a solid foundation for both sides in order to strengthen the future partnership. In this case the co-owners have a great common understanding paving the way for success."

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