Paca Puratos’ Acquisition of The Business Operations of The Insolvent Frizle Fresh Foods AG

ADVANT Beiten has advised Paca Puratos on the deal.

Paca Puratos, an Israeli joint venture of the Puratos Group based in Belgium, announced the acquisition of the business operations of the insolvent frizle fresh foods AG from the insolvency administrator. The parties have agreed that the purchase price will not be disclosed.

Fresh spaetzle dough in a bag – the founders of frizle fresh foods launched this business idea in 2015. Even though it failed to land a deal in the well-known TV series “Die Höhle der Löwen”, the start-up received a lot of media attention and was quickly represented in many retail chains with its product. This was followed by a number of other fresh, liquid doughs and products that were not yet established in the German market.

PACA, founded in 1934, is leading the Israeli fresh yeast market for more than 40 years. Owner of “Shimrit” a famous Israeli baking goods brand, well known for successful commercial products such as fresh yeast, yeast flours, margarine, naturina, fresh pastry dough bases and fresh batters. PACA is co-owned by Puratos and the Sommerfeld Family. With the acquisition of frizle fresh foods, the company expands its product portfolio of innovative food products and continues their business operations.

The ADVANT Beiten team included Prof. Dr Hans-Josef Vogel (Picutre – Head, Corporate/M&A), Wilken Beckering (Insolvenzy Law), Dr Winfried Richardt (Corporate/M&A), Mathias Zimmer-Goertz, Christian Döpke (both IP), Thomas Herten (Real Estate), Doreen Methfessel and Peter Weck (both Labour Law, all Dusseldorf).

Involved fees earner: Wilken Beckering – ADVANT Beiten Burkhardt; Christian Frederik Döpke – ADVANT Beiten Burkhardt; Thomas Herten – ADVANT Beiten Burkhardt; Doreen Methfessel – ADVANT Beiten Burkhardt; Winfried Richardt – ADVANT Beiten Burkhardt; Hans-Josef Vogel – ADVANT Beiten Burkhardt; Peter Weck – ADVANT Beiten Burkhardt; Mathias Zimmer-Goertz – ADVANT Beiten Burkhardt;

Law Firms: ADVANT Beiten Burkhardt;

Clients: Puratos;

Federica Tiefenthaler

Author: Federica Tiefenthaler