January 12, 2021
Schluckwerder is Valeo's first German acquisition and it expects to further grow its European business unit alongside its existing significant platforms in the UK and Ireland.
Willkie's London and Frankfurt offices represented Valeo Foods, a portfolio company of CapVest Partners LLP, on its acquisition of Schluckwerder Holding GmbH, a leading producer of confectionery products in Germany, from Novum Capital.
Established in Ireland in 2010, Valeo Foods has expanded significantly in recent years through acquisition-led growth and its brands include Kettle crisps, Rowse honey and Jacob's biscuits. Schluckwerder is Valeo's first German acquisition and it expects to further grow its European business unit alongside its existing significant platforms in the UK and Ireland.
Schluckwerder was founded in 1956 and its products include the 175-year-old "Lübecker marzipan" brands, Erasmi and Carstens. These brands, which are produced using higher quality standards than other marzipan-based products, have been distinguished by EU protected geographic designation status since 1996.
The Willkie deal team was led by London partners David Arnold and Andrew Gray and Frankfurt partners Dr. Maximilian Schwab and Dr. Bettina Bokeloh and included associates Dr. Erik Göretzlehner, Fabiana Bauer-Obermeier and Martin Waskowski.
