Hall & Wilcox advises ABC Pastry Holdings on acquisition by major Asian food company

Hall & Wilcox has advised ABC Pastry Holdings on its $33.7 million business sale to Nissin Foods Company Limited. 

ABC Pastry Holdings is a leading Australian manufacturer of premium frozen dumplings. Its products are sold nationwide in supermarkets and Asian grocery stores.

Nissin Foods Company Limited is a renowned food company primarily based in Hong Kong and the PRC with a diversified portfolio of well-known and highly popular brands. It is a Hong Kong-listed entity and a subsidiary of Nissin Foods Holdings Co Ltd, which was founded by the inventor of instant noodles and Cup Noodles (Momofuku Ando) in 1948.

The deal represents the value inherent in the ABC Pastry business and will allow Nissin to expand its presence in Australia while continuing to provide high-quality products to Australian consumers.

The Hall & Wilcox team was led by Partner Ranny Fan, who was assisted by Senior Associates Jasmine Koh and Joy-Yi Zhao, Associate Gloria Tam and Lawyer Stephen Lin.

The team advised ABC Pastry on various aspects of the transaction, including vendor legal due diligence, communication with potential bidders, drafting and negotiating transaction documents for both a share sale and a property sale, and liaising with the buyer and their representatives.

Ranny said, ‘Both of these iconic brands have been staples of Asian-Australian households for decades and it’s incredibly exciting to see them join forces. This successful transaction was made possible through outstanding cross-office and cross-practice collaboration, particularly between our corporate and commercial and property teams in Sydney and Melbourne. 

‘We look forward to ABC Pastry’s continued growth and success as part of the Nissin family, and to seeing Nissin further strengthen its presence in key markets beyond East Asia.

‘This result for our clients leveraged our significant experience in complex corporate transactions involving international clients. We would be delighted to assist potential clients who are interested in selling or acquiring a business, whether in the food industry or elsewhere.’

Hall & Wilcox is a leading Australian law firm, with more than 145 partners, working across eight offices. We create value for corporate, public sector and private clients, both Australian-based and international.