DEAL ANNOUNCEMENT / PRESS RELEASE
July 19, 2024
Read time: 3 min
Düsseldorf, July 19, 2024 – McDermott Will & Emery has advised the Germany-based KRÜGER GROUP on the acquisition of Hermes Süssstoff AG based in Zurich, Switzerland.
The KRÜGER GROUP and its subsidiaries have long been active along the entire production chain for sweeteners and have a global network. With the acquisition of Hermes Süssstoff AG from the Klosterfrau Healthcare Group, the KRÜGER GROUP has further expanded its position in the field of calorie-free sweeteners.
The KRÜGER GROUP based in Bergisch Gladbach is a globally established family business in the food industry. KRÜGER develops, produces and markets its products with around 5,600 employees at 21 locations in ten countries. The Group owns brands such as KABA, Schogetten, Trumpf, Fritt and Hafervoll.
The Hermes Süssstoff AG was founded in 1904 and distributes and produces the internationally renowned brands Hermesetas and SteviaSweet in addition to the sweetener Assugrin.
The transaction has already been completed. Business operations of Hermes Süssstoff will continue unchanged after the acquisition.
McDermott regularly advises the KRÜGER GROUP on international transactions and on national and international antitrust and competition issues.
The McDermott team advising the KRÜGER Group comprised partners Thomas Ammermann, Christian Krohs and Paul McGrath as well as counsel Marcus Fischer and associate Julian Rößler-Weis.
