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Wolf Theiss Advises on Sale of Austrian Frozen Food Manufacturer

Wolf Theiss Advises on Sale of Austrian Frozen Food Manufacturer

Austria
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Wolf Theiss has advised the sellers on the acquisition by Vivatis Holding AG of Frisch & Frost. Wildmoser/Koch & Partner reportedly advised Vivatis on the transaction, which took place on October 3, 2017. The Austrian Federal Competition Authority is yet to approve the transaction.

According to the company's website, "Frisch & Frost is a leading frozen food manufacturer specializing in typical Austrian pastries and potato dishes. The foundations of our potato processing plant in Hollabrunn, in the heart of the Weinviertel potato growing region, were laid in 1966. Ever since, Frisch & Frost has focused on potatoes and produces french fries, potato specialities, soup garnishes, side dishes, and vegetable-based ready meals under the Bauernland brand. Frisch & Frost’s pastry products are grouped together under the Toni Kaiser brand. Toni Kaiser is synonymous with warm pastry and dough-based specialities such as yeast dumplings, original Viennese apple and quark strudels, traditional Kaiserschmarren pancakes and sweet dumplings, as well as hand-stretched strudel dough. The strudel is produced in a unique, patented process at a purpose-built production facility in Vienna."

Vivatis acquired Frisch & Frost from US and Holland-based foodstuff giant Lamb Weston/Meijer, which owned 75% of the company, and Raiffeisen-Lagerhauser — a subsidiary of Raiffeisen Ware Austria — which owned 25%.

Partner Christian Mikosch led the Wolf Theiss team, which also included Associates Daniel Kocab and Lukas Slameczka.

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