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Advising Anglia Maltings on aquisition of Tivoli Malz/Global Malt Group

Heuking Kühn Lüer Wojtek has with a team around Dr. Stefan Duhnkrack und Dr. Hans Henning Hoff have advised the british malting group Anglia Maltings (Holdings) Limited, Norfolk (UK) in purchasing all shares in Tivoli Malz GmbH, Hamburg.

The seller is HEMERA Vermögensverwaltungsgesellchaft mbH, Hamburg. Tivoli Malz GmbH has a production capacity of more than 180,000 tonnes per year via its group companies of the GlobalMalt-Group comprising one maltings in Germany and one in Poland.

Simultaneously with the share acquisition, a long-term hereditary building right was granted which secures the use of the German production facilities for a longer period than the 30 years which are the maximum term for lease agreements.

With this acquisition Anglia Maltings (Holdings) Ltd (AMH) consolidates its strong position in the malting industry, enabling it to expand and better serve its international customers. The AMH-Group currently has three separate businesses: Crisp Malting Group, comprising five maltings, three in East Anglia and two in Scotland; Edme, comprising a wholegrain ingredient plant in Essex; and Micronized Food Products, comprising a cereal ingredient plant in North Yorkshire. Tivoli´s capacity of malt will bolster Anglia Maltings (Holdings) Ltd´s current production of 250,000 tonnes of premium quality ingredients for the food and drink industries. The long-standing management of the Tivoli/GlobalMalt Group will continue to serve the companies. GlobalMalt and Crisp have cooperated for over a decade to develop trade with brewers across the world. It has been agreed not to disclose the purchase price.

The purchaser was in the UK assisted by a team of british lawyers of Stephenson Harwood LLP with a team around Ben Mercer which advised on the transaction with regard to English law and in particular the acquisition financing.

Counsel to Anglia Maltings (Holdings) Limited
Heuking Kühn Lüer Wojtek:

Dr. Stefan Duhnkrack (Lead partner, Corporate/M&A),
Dr. Hans Henning Hoff (Corporate/M&A, lead partner Real Estate),
Florian Wenk, LL.M. (Real Estate and Business law),
Dr. Johan-Michel Menke, LL.M. (Employment law),
Dr. Kai Erhardt (Finance), all Hamburg

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