After several months of negotiations with various bidders, Carlsberg Deutschland GmbH has sold the Dresden-based Feldschlösschen brewery to Frankfurter Brauhaus GmbH. The sale took effect on 1 January 2011.
For the future, the parties have also agreed on a broad cooperation with each other in Dresden with regard to bottling, logistics and distribution.
The "difficult and unpredictable state of the beer market and the related profit situation" were cited as the reasons for the sale of the over 150-year-old brewery. The board was particularly keen to ensure that jobs, as well as the location of the brewery, would not be affected by the deal. Carlsberg will now concentrate on its five core brands: Carlsberg, Holsten, Lübzer, Duckstein and Astra.
Dr. Dominik Ziegenhahn - partner at Graf von Westphalen - provided comprehensive advice throughout the process of sale, working in close cooperation with the head of Carlsberg Deutschland's legal department, Mr Matthias Restorff. He was assisted by employment lawyer and Graf von Westphalen partner, Dr. Malte Evers, as well as fellow corporate lawyer, Florian Puschmann - also of Graf von Westphalen. The accountancy firm, PricewaterhouseCoopers AG, provided the seller with tax advice in relation to the transaction.
The purchaser received legal advice from André Eggert of Eggers Malmendier. Graf von Westphalen has advised Carlsberg Deutschland GmbH in all legal matters since 2005, particularly in relation to corporate law, mergers and acquisitions, competition law, trademark law, employment law, food law and procedural law.