Dr. Oetker buys 70% stake in Nona

Pickering Pacific is delighted to announce that it acted as financial advisor to Dr. Oetker, the German food company, on its successful acquisition of a 70% stake in the Nona business on 1 October 2012. Nona is based in Penang, Malaysia and produces baking mixes, dessert mixes and other products and ingredients for the preparation of desserts including jellies and baking products. The seller is the Penang-based Torto Group owned by local businessman Ang Aik Hwa. The seller has retained a 30% stake in what will now be a joint venture, named Dr. Oetker Nona.

Dr Oetker was introduced to Pickering Pacific by Spayne Lindsay, an M&A firm based in the UK and specialized on the international consumer sector. This is a good example of the benefits to us and to our clients of our international relationships.

For further information, please contact Peter Buerger, Jacques Pickering or Richard Inglis at Pickering Pacific (+65 6225 9128 – info@pickeringpacific.com)