Allied Pinnacle is a leading flour milling and bakery business with operations in Australia and New Zealand. The business has a 100+ year history, and its current form is the product of a merger between the Pinnacle Bakery and Allied Mills businesses.
This transaction represents Nisshin's first direct entry into the Australian market, and is a significant step towards their goal of being the world's number one flour milling company.
Ashurst partner Natsuko Ogawa commented:
"We are delighted to have assisted Nisshin with its first acquisition in Australia. Both Nisshin and Allied Pinnacle are leading companies committed to innovation and quality, and we look forward to seeing delicious products from their collaboration on supermarket shelves, cafes and convenience stores in Australia over the coming years.
"This is a great example of the continued interest we are seeing from Japanese companies in investing in a broad range of industry sectors in the Australian market, which bodes well for the future of the Australia-Japan relationship."
The Ashurst team was led by Ogawa with support from senior associate James Brownstein and associates Shojeeb Alam, Shiho Asai*, Genichiro Ito*, James McGhie and Stephen Moore. Partners who assisted include Matthew Bubb, Rehana Box, Richard Brooks, Emma Butler, Adam Firth, Andrew Harpur, Jane Harvey, David Jardine, Justin Jones, Ian Kellock, Amanda Ludlow, Jeff Lynn, Geoffrey Mann, Lionel Meehan and Kellech Smith. They were supported by counsel Richard Bunting, senior associates Peter Allen, Luke Carbon, Liz Grey, Caroline Hogan, Roderick Kennedy, Bronwyn Kirkwood, Geoff McGrath, Melissa Molloy, Michael Murray and Kristina Popova, and associates Carrick Brough, Jessica Cao, Rebecca Campigli, Rishada Cassim, Duncan Knowles, Rebecca Lew, Alex Nash, Tim Rankin, Jake Saccardo, James Sainty and Anna Seddon.
*Shiho and Genichiro are both foreign qualified lawyers.
