PwC Legal advises meat processor Reinert on merger with Kemper
Osnabrück, November 11th 2019
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to family business Reinert as it merged with family-run meat processor Kemper to form joint company “The Family Butchers” (TFB). The merger is still subject to approval by the antitrust authorities, but is expected to be completed by the end of the year.
The Reinert group is based in Versmold, Westphalia. Founded in 1931, the company employs over 1,200 people at six production sites. In 2017, Reinert generated a turnover of €340m. Meat processor Kemper has been producing sausage, ham and convenience food products since 1888. The company, based in Nortrup, Lower Saxony, has around 1,400 employees.
The merger of the two family-run companies creates Germany’s second-largest meat processing company, with an annual turnover of over €700m. Around 2,600 people will work for TFB at nine production plants.
PwC Legal provided comprehensive advice on antitrust law to both Reinert and Kemper for this transaction.
Advisors to Reinert:
PwC Legal (Osnabrück)
Dr Ulf Braun (tax law; team lead), Frederik Vogt, Dr Heinrich Nerlich (both Corporate/M&A).
PwC Legal (Düsseldorf/Hanover)
Hubertus Kleene, Philipp Thönnes, Johanna Battmer (all antitrust law)
About PwC Legal:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
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