Germany-based food producer Dr. Oetker has acquired Tag El Melouk, the leading Egyptian manufacturer of baking ingredients, desserts, and other food products, for an undisclosed amount.
Tag El Melouk, which has two production facilities in Cairo, produces a range of products in the baking ingredients and dessert powders categories under the brands Cook’s and Tag El Melouk. Founded in 1954, the firm employs around 400 staff and has revenue in the tens of millions of euros.
Matouk Bassiouny, Cairo, acted as legal counsel to the selling shareholders and Lenz & Staehelin advised on Swiss law matters.
The Lenz & Staehelin team included partners Shelby R. du Pasquier (Corporate and M&A, in picture) and Frédéric Neukomm (Tax) as well as associate Matthias Späni (Corporate and M&A).
Law Firms: Lenz & Staehelin;
Clients: Tag El Melouk Food Industries LLC;