Deal Announcement Aroma Snacks GmbH / CORVIS Family Office
Loy & Co. provided comprehensive advice to the Intersnack Group on the sale of 100% of the shares in Aroma Snacks GmbH to CORVIS Family Office.
June 2020
The Transaction
CORVIS Health GmbH and the Intersnack Group signed an agreement on June 15, 2020, under which CORVIS Health GmbH will take over all activities related to the production and distribution of organic potato chips. The agreement was completed on June 30, 2020. All shares in Aroma Snacks GmbH, as well as the “LISA’S” brand, will be acquired by Corvis Health. Loy & Co. successfully and exclusively advised Intersnack on the sale process during the restrictions caused by COVID-19, within the original timeline.
The Companies
Aroma Snacks/Lisa’s Organic Chips
Aroma Snacks was founded in 2005 as an independent company with the Lisa’s brand. Aroma Snacks produces and sells organic kettle chips under its own brand, as well as organic kettle chips and conventional kettle chips under private label. The authentic brand and regional organic raw material sourcing (“Bioland”) offer extraordinary growth opportunities in the rapidly growing market for savory snacks. As the only manufacturer of organic kettle chips in Germany, Aroma Snacks has a clear unique selling point.
Intersnack
The Intersnack Group, with its headquarters in Düsseldorf, is one of Europe’s leading manufacturers of savory snacks. With approximately 10,000 employees in Europe, the company generated sales of approximately €2.8 billion in 2019. In Germany, the subsidiary Intersnack Knabber-Gebäck GmbH & Co. KG, with its popular brands funny-frisch, Chio, and POM-BÄR, is the number one in the salty snack market.
CORVIS Health GmbH
CORVIS Health GmbH, as a holding company, consolidates all of the CORVIS Family Office’s organic food activities. The group now includes four companies in the organic food sector. Corvis Health GmbH is part of the CORVIS Family Office, which has been responsible for the owner family’s entrepreneurial and social commitments since 2003. The family office is distinguished by its financial independence and the high level of staff and management expertise.
