Munich – Germany’s oldest privately-owned dairy, Milchwerk Jäger GmbH, is merging with Austrian firm Gmundner Molkerei eGen to create a joint dairy business. The two companies have been working together in cheese production for a number of years and are now seeking to further strengthen the alliance. The new joint dairy aims to make more effective use of strategic competitive advantages along the entire value chain, as well as leveraging synergies. With around 800 employees, the new joint venture will process more than 800 million litres of raw milk a year. Details of the transaction were not disclosed. The transaction is currently awaiting approval from the Austrian competition authorities and is also subject to other conditions.
A CMS team headed by Richard Mitterhuber and Dr Thomas Mühl as co-lead and legal project manager advised Milchwerk Jäger GmbH on all legal aspects of this cross-border transaction.
Milchwerk Jäger GmbH is Germany’s oldest privately-owned dairy and was established in 1870. Based in Haag (Upper Bavaria), the company focuses on producing cheese and processes around 530 million kilograms of milk a year.
Gmundner Molkerei is located in the Austrian town of Gmunden and is one of the largest dairies in the country. The company processes some 340 million kilograms of raw milk a year.
CMS Germany
Richard Mitterhuber, Lead Partner, Munich
Dr Thomas Mühl, Principal Counsel, Munich
Dr Victoria Willemer, Counsel, Munich
Viktoria Barthel, Associate, Munich
Michael Heim, Associate, Munich, all Corporate/M&A
Dr Benedikt Forschner, Counsel, Munich
Dr Daniel Ricker, Associate, Munich, both Labor, Employment & Pensions
Dr Michael Heuser, Senior Associate, Stuttgart, Private Clients
Dr Björn Herbers, Partner, Brussels, Competition & EU
CMS Austria
Sibylle Novak, Partner, Vienna
Peter Huber, Partner, Vienna
Thomas Aspalter, Associate, Vienna, all Corporate/M&A
Advisors to Gmundner Molkerei
LeitnerLaw
MMMag. Dr Johannes Edthaler, Lead Partner, Lawyer
Dr Vedran Obradović, Partner, Lawyer
MMag. Daniel Lungenschmid, Director, Lawyer, all Corporate/M&A
Dr Christina Hödlmayr-Traxler, Director, Lawyer, Employment
Matthias Herzog, Lawyer
Thomas Malle, Trainee Lawyer
Michael Pichlmayr, Trainee Lawyer, both Corporate/M&A
LeitnerLeitner
Mag. Maria Schlagnitweit, Partner, Tax Advisor/Auditor
Mag. Iryna Stetsko, Director, Tax Advisor
Flick Gocke Schaumburg
Dr Christoph Bode, Partner
Dr Bettina Wirth-Duncan, Associated Partner
Constantin Rolke, Associate
Simon Kaiser, Associate, all Corporate/M&A
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