Food & Beverage
Spayne Lindsay advises Zertus GmbH on its recommended cash offer for Zetar Plc
Spayne Lindsay is delighted to announce the recommended cash offer by Zertus GmbH (“Zertus”) for Zetar Plc, via its acquisition vehicle, Zertus UK Holding Limited. Spayne Lindsay advised Zertus and Zertus UK Holding Limited.
Zertus, a family-owned business based in Hamburg, Germany, owns several niche food businesses including Dextro Energy and Kalfany confectionery. Zertus is led by Chief Executive Jörn Riemer who commented that “the Directors of Zertus view Zetar as a particularly well-managed confectionery and snacks business with leading positions in the UK and Ireland. We are impressed by Zetar’s proven track record for innovation and brand building and are excited about the prospect of jointly expanding our enlarged portfolio of products to new markets.”
Zertus was introduced to Spayne Lindsay by our German M&A partner, Ferber & Co
Zetar is a leading manufacturer of confectionery and natural snacks with turnover of £128 million in the year to 30th April 2012. It has strong relationships with all major UK food retailers and many global media brand licensors. Zetar has been listed on AIM since January 2005.