Mon, May
46 New Articles

Squire Patton Boggs and Gessel Advise on Coast2Coast Acquisition of Polish Gluten-Free Manufacturer

Squire Patton Boggs and Gessel Advise on Coast2Coast Acquisition of Polish Gluten-Free Manufacturer

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Squire Patton Boggs has advised Mariusz Koczwara, the owner of the Polish gluten-free manufacturer Bezgluten, on his sale of the company to Bounty Brands, the food division of Coast2Coast, an investment holding based in South Africa. Gessel advised Coast2Coast on the deal that recently closed following a September signing.  

Bounty Brands acquired 99% of Bezgluten shares in the buyout, which marks the fourth buyout in the Polish food sector. The seller will retain the balance and will remain in its CEO position and continue the core management of the business. The deal is unrelated to Bounty Brand's recent acquisition of Poland's Stella Pack (reported by CEE Legal Matters on November 17, 2017).

Bezgluten, the producer and distributor of gluten-free products, is a second largest player on the Polish free gluten food market. The company operates a manufacturing plant near Krakow, and it currently employs more than 75 people. The company reportedly spent over PLN 145 million on gluten-free products in 2016. According to Stefan Rabe, the CEO of Bounty Brands: “Bezgluten build a strong brand, offers unique products and strengths our position on the fast growing free gluten food and snacks market”.  

According to Squire Patton Boggs, "In connection with Coast2Coast partial exit plans related to next year IPO of Bounty Brands, the Polish team of Coast2Coast did a remarkable work this year to strengthen Bounty Brands position in the Polish food sector. Their investment criteria in connection with the planned IPO differs slightly from typical PE Houses looking primarily on fast growing EBITDA track and projection, as Coast2Coast focuses also on strong brands, synergies with other portfolio companies, and net financial result”. 

The Squire Patton Boggs team consisted of Partner Michal Karwacki, supported by Counsel Pawel Magierowski and Associates Hubert Binkiewicz and Aleksandra Drozdz.

The Gessel team was led by Partner Maciej Kozuchowski and included Associate Tomasz Maslak. 

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue