SK&S has advised American company Cargill on the acquisition of entities operating within the Konsol Group. The owners of Konsol were represented by White & Case.
Cargill is an American food production company that for 153 years and now serves customers in over 125 countries. According to SK&S, “150,000 Cargill workers achieve the concern’s goal which is that of supplying the world with food in a safe, responsible, and balanced way. The acquisition of Konsol Group will increase Cargill’s investment commitments in Poland – at present the concern has workers in 29 plants throughout the country.”
The Konsol Group is a family business with production plants located in Nowy Sacz and Slupca, Poland. In recent years it has invested in poultry breeding and the production of meat products. As a result, according to SK&S, "the firm has a state-of-the-art infrastructure along the entire production chain for poultry products, from production of feed down to the end food products, including a wide range of convenience products." These latter products, according to SK&S, “set the company apart from its competitors and are exported to dozens of countries around the world.”
The agreement between Cargill and the Konsol owners remains contingent on approval from relevant authorities. The subject of the transaction are all the entities of the Konsol Group together with the production facilities and product portfolio; i.e. the feed production facilities, five breeding complexes, an abattoir, and two production plants.
The SK&S team included Partner Lukasz Berak, Senior Partner Krzysztof Pawlisz, Senior Counsel Borys Sawicki, Senior Associates Andrzej Motyka, Dominika Konarska, and Tomasz Duchniak, and Associates Michal Dawidowicz and Jan Pierzgalski. Antimonopoly issues were handled by Partner Krzysztof Kanton, Senior Counsel Jaroslaw Lukawski, and Associate Szymon Murek.
The White & Case team consisted of Managing Partner Marcin Studniarek, Partners Aneta Hajska and Marek Sawicki, and Associate Klaudia Malczewska.
Editor's Note: On January 14, 2019, SK&S announced that "towards the end of December 2018, as a result of an earlier concluded conditional agreement (with which Cargill was assisted by SK&S), once the conditions set out in it had been met and the unconditional consents of the relevant antimonopoly authorities had been obtained, a final agreement was signed under which Cargill acquired the KONSPOL Group. The subject of the transaction were all the companies of the KONSPOL Group together with the production facilities and product portfolio, i.e. acquisition of the feed production plant, five breeding facilities, a slaughterhouse, as well as two production plants employing approximately 1700 people."