DLA Piper advises ForFarmers on the expansion of a joint venture with team agrar

DLA Piper has advised ForFarmers GmbH on the expansion of a joint venture with team agrar GmbH. The companies have been working together for a long time in Germany via their joint venture HaBeMa, a company active in trading, storage and transshipment of raw materials and compound feed production in Hamburg. The expanded 50/50 joint venture, which will continue under the name ForFarmers team agrar, concerns ForFarmers’ feed activities in Germany with approximately 250 employees and team agrar’s feed activities in Germany that has approximately 130 employees. It involves eight feed production sites, three terminals and the vehicle fleet. The current HaBeMa joint venture, that has 130 employees, is also part of the joint venture. The agreement is subject to applicable regulatory approvals from the relevant authorities.

ForFarmers is a European company that offers feed solutions to the livestock farming industry. The company is committed to a future-proof farming business and making the agricultural sector more sustainable with knowledge, advice, support and products on farm. ForFarmers’ feed activities in Germany concerns a broad portfolio of feed products for all species.

Team agrar provides services and products in all sectors. In addition to the production of compound feed it includes grain collection and trading, the supply of seeds, fertilizers and plant protection products as well as special agricultural products. Through team SE, team agrar is part of the DLG Group, a company with comprehensive activities in food, energy, and housing.

The joint venture is in line with the strategic ambition of both companies to better serve the German market, opening up new growth opportunities and to enhance profitability.

The DLA Piper team was co-led by partner Gerald Schumann and counsel Hanna Lütkens (both Corporate/M&A, Munich) and also comprised partners Dr Burkhard Führmeyer (IP, Frankfurt), Verena Grentzenberg (Data Protection, Hamburg), Pascal Kremp (Employment Law), counsel Michael Ziegaus-Clavien (Real Estate), Georg Haberkorn (Pensions), senior associates Annika Heinz, Dr Felisa Frey (both Employment Law; all Munich), Marisa Machacek (IP, Frankfurt), associates Philipp Schmechel (Data Protection, Hamburg), Yolanda Ristau (Corporate/M&A), Vincent Wehner (Real Estate), and Senior Transaction Specialist Lisa-Marie Kreuzer (Real Estate; all Munich).