Rymarz Zdort Maruta advises Mycofeast LTD on acquisition of Leżajsk Brewery from Żywiec Group

We are pleased to announce that Rymarz Zdort Maruta advised Mycofeast LTD on the acquisition of the Leżajsk Brewery from Grupa Żywiec sp. z o.o. The preliminary conditional investment and share purchase agreement (the “PSPA”) was signed on 21 March 2024. MFPL sp. z o.o., a Polish subsidiary of Mycofeast LTD, was a party to the PSPA. The closing of the transaction will be preceded by a joint submission of a merger clearance application to the President of the Polish Office of Competition and Consumer Protection (UOKiK) concerning the establishment of a joint venture.

Mycofeast LTD is an industrial biotechnology company that harnesses biomass fermentation to develop high-quality proteins, specialty lipids, and critical ingredients for the food and animal feed sectors.

Grupa Żywiec sp. z o.o. is a member of the Heineken group and a beer manufacturer in Poland. The company operates four breweries in Poland located in Elbląg, Namysłów, Warka and Żywiec.

Grupa Żywiec announced its intention to reorganise production in Poland in February 2023, with plans to concentrate volume and future investments in a network of four breweries. Production at the Leżajsk Brewery was halted at the end of August 2023. The new owner intends to produce food and feed products using fermentation processes involving fungi and other microorganisms.

The transaction team included: Paweł Zdort (managing partner), Aleksandra Kabać (counsel) and Karol Wojtkowski (associate). The due diligence process involved: Marcin Pieklak (partner), Tomasz Bąkowski (senior associate), Klaudia Cholewa (senior associate), Michał Matysiak (senior associate), Hanna Bachowska (associate), Szymon Marciniak (associate), Marta Szczepkowska (associate), Paweł Mirosz (ekspert).