heristo Group sells LikeMeat to Foods United
Düsseldorf — The heristo Group has divested its 51-year-old stake in LikeMeat, one of Germany’s leading suppliers of vegan meat alternatives. The purchaser of LikeMeat’s majority stake is US-based Foods United Inc. The heristo Group was advised on this transaction by Deloitte Legal Düsseldorf.
The heristo Group is a family-run group of companies present in the german and international markets in the meat finishing, delicatessen, pet food and wholesale and foreign trade of food products, with a wide range of products and Services. It is one of the largest companies in the German food industry, the largest European producers of pet food and the global trading companies. The group generates about two-thirds of its turnover from the production of private labels.
LikeMeat develops contemporary products for an enjoyable, modern and balanced diet and stands for a wide range of plant-based meat substitutes. Founded in 2013 as a German start-up company based in Düsseldorf, the company expanded rapidly and has been offering its products in other European countries as well as in the USA since 2017. LikeMeat now has a total of around 100 employees at its production facility in Oss, the Netherlands, as well as at its headquarters in Düsseldorf.
Foods United pursues a strategy of building up and expanding an extensive portfolio of investments in the meat substitutes market, focusing on the entire value chain: from raw material procurement to production to marketing. The majority shareholder of Foods United is the billionaire Swiss investor Blue Horizon Corporation AG. In addition to Blue Horizon, many other investors are involved in Foods United.
Dr. Michael von Rüden (photo) and his team from Deloitte Legal has been a regular member of the heristo Group since 2016 and has already accompanied the company on various M&A transactions, including the sale of Paulsen Food in 2017 and the sale of Günther Janßen Handels GmbH in 2019. As part of this transaction, in the highly dynamic environment of plant substitutes for poultry and meat, they were once again able to draw on their extensive experience in the food industry.
Consultant heristo Group: Deloitte Legal
Dr. Michael von Rüden, LL.M. (USA) (Partner, Corporate/M&A, Düsseldorf, Lead), André Giesen, EMBA (Senior Associate, Corporate/M&A, Düsseldorf), Horst Heinzl, M.C.L. (HKU) (Senior Associate, Corporate/M&A, Düsseldorf).
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