News | 2022-09-16

TELLES advises renowned Austrian food distribution group in the implementation of its international expansion

TELLES advised the Austrian group GLATZ, a recognized food products distributor in Austria, in the acquisition of 90% of the capital of Conservas Dentici and also 90% of Olasagasti Gia’ Salvatore Orlando, two renowned brands with a long tradition in the food sector.

This operation was part of the internationalization strategy carried out by the GLATZ group, with the TELLES team, coordinated by Carlos Lucena, co-head of Commercial, Corporate and M&A practice, and by Delber Pinto Gomes, associate in the same practice and also in the Finance, Projects and Capital Markets practice, leading the transaction and the multidisciplinary teams based in Spain and Italy. The local teams of Mazars Spain, Mazars Italy and Greco Vitali were responsible for ensuring the Due Diligence work in this operation.

TELLES' intervention involved the definition of the global strategy for the operation, the construction, the negotiation and the execution of the contractual model for the acquisition of stakes in target companies in Spain and Italy.

With this operation, the Austrian group GLATZ now controls two more companies, which include an industrial unit for the production of high quality canned goods, located in the Basque Country by the Cantabrian Sea, as well as fifteen highly recognized brands in the European market, namely "Olasagasti", “Bribon”, “Gercor”, “Vega de Oro”, “Simonetta”, “Orlando”, “Conservas Dentici”, “Delicias del Mar Cantábrico”, “Asteria”, “Open & Relish” “El Faro” and "La Marquinesa", integrated in two companies with more than 60 years of history and tradition in the Cantabrian Sea fish canned market.

With 30 years of accumulated experience, TELLES has a multidisciplinary team of lawyers specialized in different sectors of activity and with international expertise, dedicated to supporting its Clients, both international and national, in their international expansion strategy.

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