Global law firm Ashurst is advising Volac and its owners on the sale of Volac Whey Nutrition Holdings Limited and its subsidiaries to Arla Foods Ingredients Group P/S.
Volac is a UK-based group that specialises in turning whey into ingredients for sports nutrition, with by-products being sold for food and animal nutrition. Central to Volac is its whey processing facility in Felinfach, Wales.
Completion of the transaction is subject to approval by the UK's CMA, which is expected later this year.
The Ashurst team is being led by partner James Fletcher, supported by senior associates Hayley Gow and Jake Hadfield and associates Sylvia Lloyd-Morris and Matthew O'Regan.
The wider team included partners David Futter and Sunny Kumar, supported by senior associate Denae Erasmus and associate Emily McCracken, advising on commercial contracts and IP matters. Employment and pensions advice was provided by partner Ruth Buchanan, associate Katharine Foster and counsel John Gordon. Finance advice was provided by partner Nigel Ward, senior associate Sarah Curry and associate Andrew Thomson. Partner Neil Cuninghame, counsel Christopher Eberhardt and senior associate Natasha Gromof advised on the competition law aspects and partner Patricia Allen and associates Umut Bektas and Luis De Freitas advised on the tax aspects.
