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HERBERT SMITH FREEHILLS ADVISES PROLACTAL, A SUBSIDIARY OF ICL, ON STRATEGIC PARTNERSHIP WITH BIOPULVER

13 January 2021 | Germany
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Herbert Smith Freehills has advised Prolactal GmbH on a long-term strategic partnership agreement with Biopulver GmbH, pursuant to which Biopulver shall supply Prolactal with a dedicated production line for infant formula ingredients. 

The Biopulver plant is a greenfield factory investment by its major shareholder Swiss Holle baby food AG, which has been producing organic baby food for 85 years. The powder drying plant focused on the processing of goat milk is operational since May 2020.

Prolactal GmbH is a leading provider of organic cow and goat milk derivatives for infant formula. Originally established in 1957 as a co-operative dairy and milk drying facility, Prolactal was acquired by Israel Chemicals (ICL) in 2015, and supplies customers in more than 35 countries across key markets of Asia Pacific, Western Europe and the Middle East. Prolactal’s CO2 neutral plant is situated in Hartberg, Austria, with access to high-quality organic milk and whey locally.

Advisor to Prolactal:
Herbert Smith Freehills Germany: Dr Christoph Nawroth (lead, Corporate/M&A), Dr Marcel Nuys (Competition, both Düsseldorf), Dr Mathias Wittinghofer (Disputes, Frankfurt), Dr Sebastian Schürer (Counsel, Corporate/M&A), Peter Rowland (Of Counsel, Brussels), Stefanie Strahl (Associate, Corporate/M&A), Foreign Lawyers: Lauren Kode (Corporate/M&A), Anne Eckenroth (Competition, all Düsseldorf). 

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For further information on this news article, please contact:

Friederike Hartmann, Head of Business Development Germany

Germany
Tel: 
+49 69 222282408