PwC Legal advises meat processor Tönnies on the sale of its shares in Polish logistics company PAGO
Hamburg, December 2, 2020
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Tönnies International Holding GmbH on the sale of its shares in Polish logistics firm PAGO Sp. z o.o. to the US-based provider of logistics solutions, Lineage Logistics Holdings, LLC.
Tönnies International Holding GmbH, headquartered in Rheda-Wiedenbrück in East Westphalia, Germany, is a family business active in the food industry. With approximately 16,500 employees, the international company operates in eight divisions. In 2018, Tönnies generated an annual revenue of 6.65 billion Euros.
PAGO Sp. z o.o. is one of the largest logistics providers in the frozen food sector in Poland. The company runs a network of cold store and distribution plants with a total storage capacity for 190.000 pallets. The logistics firm employs nearly 400 team members.
The buyer, Lineage Logistics, is one of the world’s leading providers of temperature-controlled logistics solutions. Headquartered in Michigan (USA), the company employs around 7.200 team members. With the acquisition of PAGO, Lineage is gaining access to the Polish logistics market.
Advisor to Tönnies International Holding GmbH
PwC Legal Germany
Ivo Dreckmann (Lead), Dr. Danielle von Hegel, Lars Lübbers, Victor Gontard (all Corporate /M&A / Hamburg)
PwC Legal Poland
Beata Kiedrowicz (Lead), Piotr Platnerz, Andrzej Laprus
About PwC Legal Business Solutions:
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.
PwC Legal Business Solutions in Germany. More than 300 lawyers at 18 locations. Integrated, tech-powered legal advice.