Partnership agreement between Unilever and Aviko Rixona for development of manufacturing facility in Stavenhagen, Germany
On 25th September 2020, our client, Unilever, announced it is seeking a strategic partnership for the development of its manufacturing facility in Stavenhagen, Germany with Aviko Rixona, the leading producer of dehydrated potato granules and potato flakes, a subsidiary of Royal Cosun, an international agro-industrial cooperative dedicated to the manufacturing of plant-based solutions for food, feed and non-food applications and green energy.
The aim is to create synergies driven by scale and technology and to manufacture best-in-class potato products. Unilever is confident that this partnership will drive portfolio development and category innovation. As part of this partnership, Aviko Rixona will take over Unilever’s potato products plant in Stavenhagen. All 210 Unilever employees will become part of Aviko Rixona once the acquisition is formally closed. At the same time, Aviko Rixona will become a long-term supplier for Unilever’s potato products and snackpots.
The Pfanni brand remains with Unilever. It will still be managed by Unilever and Pfanni products will also continue to be distributed by Unilever. The same applies to the products of other brands that are manufactured in Stavenhagen (e.g. Knorr / Unox / Colman’s / Amino Snack Pots).
The transaction is subject to customary closing conditions. Stamford Partners acted as the sole financial advisor to Unilever on this transaction.