Eversheds Sutherland advises RCL FOODS on its plant-based foods joint venture with the LIVEKINDLY Collective
24 May 2021
The Eversheds Sutherland office in Durban has advised RCL FOODS on the successful establishment of LIVEKINDLY Collective Africa, a pioneering plant-based foods joint venture between RCL FOODS and the US-based LIVEKINDLY Collective.
RCL FOODS CEO Miles Dally said “Climate change, population growth, chronic hunger, obesity and a related rise in non-communicable diseases mean that food producers need to find ways to feed people in a more sustainable way, and that requires resilience and adaptability.”
The joint venture will involve the marketing, sale and distribution of plant-based alternative food products of the well-known local brand, Fry Family Food Co. and other international brands LikeMeat and Oumph! within South Africa and sub-Saharan Africa.
Eversheds Sutherland was part of a team of three international law firms involved in the transaction, represented in South Africa and the United States. The Durban team was led by senior partner, Andrew Turner and supported by Andrew Davidson, Lara Wills, Ian Petherbridge, Sara-Jane Pluke, Lara Jansen van Rensburg and Caitlin Petzer.
Andrew Turner commented:
“It is always exciting to work on transactions with lawyers from other firms and jurisdictions. Owing to some tight deadlines, this deal also brought with it a high level of live (albeit remote) meetings and collaboration between lawyers and management teams. In-house counsel played a vital role in pulling everything together.”
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