As part of a corporate financing restructuring, Newlat GmbH (“Newlat”) has secured comprehensive credit facilities from Commerzbank and BW-Bank for working capital financing.
With sales of over € 350 million, ten European plants and more than 1,200 employees, NEWLAT Group is a leading consumer goods company manufacturing pasta, dairy products, bakery products and baby food. The company has grown primarily through the acquisition of business units of large international groups such as Kraft Heinz, Nestlé, Parmalat or Ebro Foods, but also through the takeover of medium-sized companies over the past ten years. Newlat’s brand portfolio comprises Buitoni, 3 Glocken, Birkel, Delverde, Giglio, Pezzullo, Plasmon and Polenghi.
In Germany, Newlat acquired the pasta producers Birkel and 3 Glocken including a plant in Mannheim from Ebro Foods in 2013. These divisions are bundled under the umbrella of Newlat GmbH, based in Mannheim. The company currently employs approx. 135 people and generates sales of more than € 80 million.
IMAP M&A Consultants AG advised Newlat on the selection of suitable financing partners, the initiation and execution of financing discussions, the exchange of relevant information and the coordination of the process.
The IMAP transaction team comprised Peter Koch, Managing Partner, and Alessandro Cornelli, Director.
Last weekend, IMAP colleagues from all over the world were due to congregate in Denver, Colorado, for a conference planned for many months, where deals, learning, and friendships would be developed and shaped. Even a month ago when the difficult decision was made to cancel the event, none of us could have foreseen the speed and scale of events that have occurred since.
GRE Gauff Rail Engineering GmbH & Co. KG has been acquired by Dorsch Holding GmbH. With this acquisition, Dorsch expands the group's range of services in the railway sector.