Alb-Gold pasta takes over American al dente® pasta company
Frankfurt am Main — Allen & Overy LLP has advised German pasta producer Alb-Gold Teigwaren GmbH (“Alb-Gold”) on its acquisition of US pasta manufacturer al dente® pasta company (“Al Dente”). Both companies had already been on friendly terms for several years. A smooth transition of operations is expected to take place over the next year and a half. Through the takeover, Alb-Gold expects to be able to exploit numerous synergies in the future, including in the area of distribution in North America. The parties have agreed not to disclose the purchase price.
Al Dente is a family-owned company founded in 1981 in the U.S. state of Michigan that sells its products primarily in the U.S. and Canada in supermarket chains, independent chain stores, natural food retailers, specialty and specialty food stores, and online.
Founded in 1968, the family-owned company Alb-Gold Teigwaren GmbH, based in Trochtelfingen in the Swabian Alb, generated sales of around 35 million euros last year with a production of almost 10,000 tons and around 430 employees.
Alb-Gold Teigwaren GmbH: Allen & Overy LLP
The Allen & Overy team consisted of partners Dr. Markus Käpplinger (Lead, Corporate/Private Equity, Frankfurt), Kenneth Rivlin (Environment & Regulatory, New York) and Dr. Jens Matthes (IP, Düsseldorf), Senior Counsel Brian Jebb, Associate Nathalie Montano Young (both Corporate, New York) and Transaction Support Officer Nadine Gommel (Corporate, Frankfurt).