Hamburg, 07.03.2023 – Laurens Spethmann Holding AG & Co. KG (LSH) sells its instant tea and sweetener business to KRÜGER GROUP. In the process, it was advised legally and fiscally by Luther Rechtsanwaltsgesellschaft.
The transaction comprises all assets and contractual relationships relating to the distribution and production of Laurens Spethmann Holding's sweetener and instant tea business, including the trademark rights to the well-known "HUXOL" brand. The production unit is located at the Medin plants in Faulbach. All shares in MEDIN GmbH & Co. KG and Nutrisun GmbH & Co. KG will remain with LSH. Likewise, the employees of MEDIN and Nutrisun will not transfer to the KRÜGER GROUP. The implementation phase will begin in the next few weeks and is expected to extend into the third quarter of 2023.
"It was a highly professional as well as pleasant cooperation with the Luther team, as always. Again to the point!", says the CFO of Laurens Spethmann Holding, Ingo Steinbach.
Luther has assisted Laurens Spethmann Holding in transactions several times in the past.
About Laurens Spethmann Holding:
Laurens Spethmann Holding AG & Co. KG (LSH) is an independent, fourth-generation family-owned company headquartered in Seevetal near Hamburg. The dynamically growing food company, together with its subsidiaries and holdings, has sales of around EUR 700 million. The companies are active in Germany and throughout Europe in the business areas of tea, bars, snacks, sweeteners, cereals, nuts, dried fruits and seeds, and sustainable packaging. With Ostfriesische Tee Gesellschaft (OTG), founded in 1907, and its brands such as Meßmer, Milford and Yasashi, LSH is Germany's leading tea supplier. The portfolio also includes Fruitwork Beteiligungsgesellschaft mbH with its best-known subsidiary nutwork, Schock GmbH, Nutrisun, Nordgetreide and also Plant Pack GmbH. In addition to its brand business, LSH is also active in the private label sector and is becoming increasingly involved in the B2B and out-of-home market segments. Across Europe, the companies under the LSH umbrella currently employ 1,634 people at 12 locations.
On behalf of Laurens Spethmann Holding:
Luther, Corporate/M&A: Daniel Fehling, LL.M. (Partner, Lead), Dr Joachim Heinemann (Counsel)
Luther, Commercial: Dr Christoph von Burgsdorff, LL.M. (Partner), Robert Burkert (Senior Associate)
Luther, IP: Dr Geert-Johann Seelig (Partner), Dr Daniel Bischof (Senior Associate), Dominik Menhaj (Senior Associate)
Luther, Employment Law: Dr Astrid Schnabel (Partner), Dr Isabel Schäfer (Senior Associate)
Luther, Tax Law: Ulrich Siegemund (Partner), Ramona Hubracht, LL.M. (Counsel)
Luther, Antitrust Law: Dr Helmut Janssen, LL.M. (Partner)