Deloitte Legal advises Grupo Alimentario Citrus (GAC) on acquisition of Thurländer Salate und Feinkost GmbH
An interdisciplinary, Frankfurt based Deloitte team around Andreas Jentgens (Partner, M&A Legal), Alexander Bielig (Partner, Corporate Finance Advisory), Fabio Grassi (Director, Transaction Services) and Nicola Selack (Director, Tax) has advised the Spanish Grupo Alimentario Citrus on the acquisition of Thurländer Salate und Feinkost GmbH.
The transaction is an extraordinary milestone for GAC in following its strategic plan for its growth in new markets, new customers and new channels.
Thurländer Salate und Feinkost GmbH was founded in 1999 and produces ready-to-eat salads and convenience-products for the food/grocery retail trade and the catering. Thurländer currently employs approx. 300 people and reached a €45 million turnover in 2017. With the purchase of the German Thurländer, GAC integrates a global workforce of 2,500 employees, with 7 production facilities and over 5,000 hectares of their own croplands. The group will close the year with a turnover of around €300 million euros and over 200 million units of ready-to-eat salads, sold in 5 countries - Spain, Portugal, Germany, Austria and Denmark.
With joint teams of Spanish and German Deloitte Corporate Finance Advisory, Deloitte Legal and tax and financial experts, Deloitte advised GAC through all phases of the transaction, beginning with the intense target search and the establishment of first contacts through Corporate Finance Advisory until successful completion of the transaction.
For further questions and background information on this transaction, please feel free to contact us.
Advisors Grupo Alimentario Citrus
Deloitte Legal (M&A): Andreas Jentgens (Lead), Klaus Gresbrand, Jana Hupfer, Christian Aurich, Nicolai Harbecke, (all Corporate/M&A, Frankfurt am Main/Duesseldorf), Frauke Heudtlass, Annina Backhaus (Employment, Duesseldorf), Marco Engelmann, Susan Lange (Real Estate, Berlin), Thorsten Schmitz (Commercial, Duesseldorf), Prudencio Lopez, Alexandra Hernandez Morato (Corporate/M&A Deloitte Legal Spain).
Deloitte Corporate Finance Advisory: Alexander Bielig (Frankfurt am Main)
Deloitte Transaction Services: Fabio Grassi, Timo Weingärtner (Frankfurt am Main)
Deloitte Tax: Axel Kroniger, Nicola Selack, Franziska Seibert (Frankfurt am Main)
WRT Revision und Treuhand GmbH Wirtschaftsprüfungsgesellschaft: WP StB RA Dr. Dr. h.c. Thomas Weckerle, Halle
Public Notaries: Kristof Schnitzler und Dr. Hans Hofmann, Schalast, Frankfurt am Main