Global law firm Ashurst is advising Treatt PLC on its £183 million recommended takeover by Döhler Finance Management B.V., an indirect wholly-owned subsidiary of Döhler Group SE.
Pursuant to the agreed terms of the acquisition, which is expected to be implemented by way of a scheme of arrangement, Treatt shareholders will be entitled to receive 305 pence in cash per Treatt share, as well as retaining the previously announced final dividend for the year ended 30 September 2025 of 3 pence per Treatt Share to be paid on 13 May 2026.
Treatt is a United Kingdom-headquartered global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance, and multinational consumer product industries, particularly in the beverage sector. Treatt was established in 1886, incorporated in 1981 and is listed on the London Stock Exchange. It has well established research and manufacturing plants in the UK and U.S. Its recently opened commercial and innovation facility in China enhances its existing infrastructure and capabilities.
Founded in 1838, Döhler Group SE is the ultimate holding company of the Döhler Group. The Döhler Group is a global producer, marketer and provider of technology-driven natural ingredients, ingredient systems and integrated solutions for the global food, beverage and life science and nutrition industry. Headquartered in Darmstadt, Germany, the Döhler Group has more than 50 production sites, 75 offices and application centres, allowing it to create value for customers in over 160 countries. The Döhler Group has more than 10,000 dedicated employees, including 1,000 people in R&D, focused on science, technology and innovation, who are committed to making its customers successful.
The Ashurst team is being led by partners Tom Mercer and Duncan Liddell together with senior associate Maria McAlister, along with counsel John Papadakis, and associates Sylvia Lloyd-Morris, Saahil Gungapersad, Ismail Afzal, Florence Chan, Brihadeesh Murali and Simran Lamba, and assistance from senior associates Louise Johnson and Millie Gibbs. Counsel John Gordon is advising on pension aspects, counsel Jeffrey Johnson on US securities aspects, and partner Lynn Dunne, senior associate Paul Ryan-Brown and associate Zara Everitt are assisting with advice on the scheme of arrangement process.
Ashurst is working closely alongside the in-house legal team at Treatt, led by General Counsel and Company Secretary, Nick Hartigan.
