International law firm Simmons & Simmons has advised Döhler Group on its proposed recommended cash offer for Treatt plc under the UK Takeover Code, valuing Treatt at approximately £183 million.
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, life science and nutrition industry, with its headquarters in Germany. Treatt is a UK-based global 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. Prior to launching the offer, Döhler had already acquired a significant stake in Treatt in 2025.
The acquisition is expected to proceed through a Court-sanctioned scheme of arrangement and is subject to conditions, including the receipt of competition clearances in Austria, Ireland, the United Kingdom and the United States. The transaction is expected to complete in Q3 2026.
BofA Securities acted as financial adviser to Döhler Group.
The Simmons & Simmons team advising Döhler was led by corporate Partners Mark Chivers and Jamie Corner with support from Partners Sarah Smith and David Trapp (competition), Tair Hussain (incentives), and Ed Smith (pensions).
Commenting on the transaction, Mark Chivers said: "It has been extremely rewarding to support the Döhler team all the way from the initial stakebuilding through to today's firm offer announcement. This is the first public takeover by Döhler in the UK and is an excellent example of our team's ability to work across practice groups and borders to deliver first class advice in a tight timeframe."
Commenting on the transaction, Jamie Corner said: "It has been a real pleasure to assist Döhler with this strategically important acquisition. The transaction has allowed us to demonstrate our expertise acting on public M&A transactions, particularly with Mark having joined the team."
