The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

AKD

PO BOX 59280, 1040 KG AMSTERDAM, NETHERLANDS
Tel:
Work +31 88 253 5000
Fax:
Fax +31 88 253 5001
Email:
Web:
www.akd.nl

Show all Press releases

AKD advises Krijger Holding in connection with the sale of Krijger Meelfabriek Renesse B.V.

July 2015

​

On 17 February 2015, the notarial deed by which the title to 100% of the shares in the capital of Krijger Meelfabriek Renesse B.V. was transferred to Veemaal B.V., a subsidiary of the Belgian company Dossche Mills N.V., has been executed, and Veemaal B.V. consequently acquired these shares from Krijger Holding B.V., the sole shareholder of Krijger Meelfabriek Renesse B.V. An AKD team led by Carlos Pita Cao assisted the seller.

Krijger Molenaars, the trade name of Krijger Meelfabriek Renesse B.V., is a flour factory located by the dunes of Renesse in Zeeland, in south-western part of the Netherlands. Krijger Molenaars has been a family-owned business for over 100 years and is noted for its quality and customer-satisfaction at competitive prices. Mr Henk Krijger, a third-generation "Krijger", says, "Krijger Molenaars has always distinguished itself for its quality and its pursuit of customer satisfaction. Every day our enthusiastic team strives to make the best products for our customers in the baking industry. We have no doubt that, as regards both product and service, the merger with Dossche Mills will provide our customers with the best guarantee for quality in the long term." With a team of about 30 employees, Krijger Molenaars generated a turnover of over EUR 18 million in 2014.

The takeover will consolidate Dossche Mills' position in the traditional segment of the Dutch milling industry in which it has operated for nearly 30 years. Dossche Mills is a major supplier of flour to traditional bakeries. Kristof Dossche, Dossche Mills' CEO, explains: "With a strong focus on consistent quality and personal service, Dossche Mills likes to establish long-term partnerships with its bakers. Dossche Mills is proud of the fact that it works with customers across generations. As Krijger Molenaars and Dossche Mills have a similar vision, the merger of the two groups is logical. Like the takeover of Van Geel Flour Mills last year, the takeover of Krijger Molenaars is in line with our company's ambition to consolidate our position in the Benelux market. Krijger Molenaars' customers will notice little change from the products and service they are accustomed to receiving from Krijger. Moreover, Krijger Molenaars' customers shall be able tobenefit from Dossche Mills' entire product range."

Dossche Mills produces flour and multigrain combinations for the bread and confectionery industry at three production sites. With 250 employees, Dossche Mills, which is part of the familyowned Dossche group, generated a turnover of over EUR 150 million in 2014, The AKD team was further comprised of Laura de Jong, Thomas  van Hövell and Floris van Westhrenen. The buyer was assisted by a team from DLA Piper Nederland N.V. led by Philip Jonker. Hendrik Bennebroek Gravenhorst of DLA, acted as civil-law notary in this transaction.

Legal Developments by:
AKD

Legal Developments in Netherlands

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Late Payments Directive

    Despite the implementation of Directive 2000/35/EC on combating late payment in commercial transactions in 2002, the European Commission (the “Commission”) concluded in 2008 that late payments were still widespread in the EU. It also turned out that public authorities in certain Member States were stipulating unjustifiably long contractual payment periods for transactions.
  • Amendment of the Collective Redundancy Notification Act

    On 1 March 2012 the Collective Redundancy Notification Act (Wet Melding Collective Outslug, "WACO") will be amended. What changes does this involve?
  • New Corporate Law Legislation

    In the field of corporate law, there are four (coming) Acts that attract attention, namely the introduction of the tenth book of the Dutch Civil Code, the amendment of the Marital Property Act and, to conclude, the coming entry into effect of the Management and Supervision Act and the Flexibilization of BV Act. Please find below a short explanation of each Act.
  • Shipping & Transport - Netherlands

    Attaching maritime assets in insolvency
    - AKD
  • The employment of foreign workers. What issues do you need to be aware of as an employer?

    The employment of foreign workers regularly raises questions. A brief summary of the most important areas of attention will be dealt with in this article.
    - AKD
  • Non-solicitation agreement violated via LinkedIn

    A non-solicitation agreement usually restricts the ability of an employee - after an employment contract has ended - to approach the clients of the former employer. The former employee of a software company recently discovered that the scope of such an agreement can also include contacts made via LinkedIn.
    - AKD
  • NETHERLANDS AS A GLOBAL FINANCE CENTRE

    Few jurisdictions can boast a foreign direct investment record like the Netherlands. As the world's seventh largest inward receiver of investments, housing approximately 9000 foreign-owned companies, the country's dynamic business environment provides an invaluable insight into macro investment trends.
    - AKD
  • Forming a company in the Netherlands

    The Netherlands and Dutch law The Netherlands is a perfect business location for foreign entrepreneurs (2,000 subsidiaries in Amsterdam, 140,000 jobs). It is the gateway to densely populated Western Europe and has a well-developed logistic and technical infrastructure.
  • Leasing of commercial premises in the Netherlands

    Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} Dutch Law distinguishes two categories of commercial premises. Depending on the type of premises or the purpose for which it is used, they are referred to as:
  • Employment of foreign workers in the Netherlands

    The employment of foreign workers in the Netherlands regularly raises questions. What issues do you need to be aware of as an employer? A brief summary of the most important areas of attention will be dealt with in this article.
    - AKD