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DZP lawyers have advised a US producer of hemp products on its acquisition of the Polish company Cultured Foods, a leader on the vegan food market.
DZP has advised CV Sciences, a US leader in the use of plant-based products for consumer wellbeing, on its first acquisition on the European market. The company acquired Cultured Foods, a Polish producer and distributor of alternative vegan foods, thereby securing access to the European market and new distribution channels for its products.
CV Sciences is a leading company in the wellness sector specialising in nutraceuticals and plant-based foods. Its leading brand, PlusCBD, offers products and dietary supplements using hemp extracts, which until now have only been available in the US. With this transaction, our client will not only expand the reach of its products but will also gain a market recognised partner and broaden its brand portfolio. The purchase of Cultured Foods also creates an opportunity to introduce the Polish brand’s vegan products to the US market.
In cooperation with the law firm Procopio, DZP was responsible for carrying out a due diligence of the Polish company and providing CV Sciences with comprehensive transaction advice.
The project was carried out by a multidisciplinary team of DZP lawyers led by Bartosz Marcinkowski, Sylwia Kuca, Hubert Kawałek and Dagmara Kajca-Szydło. Advisers from the Corporate and M&A Practice were supported in IP matters by Michał Nita, in environmental matters by Maciej Białek and in labour law matters by Justyna Tyc-Brzosko and Magdalena Stępień. Tax issues were handled by Tomasz Leszczewski and Joanna Kociołek-Ziemba.