Schofield Sweeney advises leading food and beverage supplier on acquisition

Kiril Mischeff, one of the UK’s leading food and ingredient suppliers to the food and beverage manufacturing, food service and retail sectors, has acquired Annessa Imports Limited.

For over 90 years, Kiril Mischeff, a privately owned business, has been working closely with partners worldwide to source and supply first-class products and ingredients.

Annessa Imports sources the finest Italian provisions and distributes them to the Italian retail and food service trade. The acquisition enables further diversification of the group into specialist areas, and opportunities to tap into the chilled charcuterie and cheese sector.

Schofield Sweeney, an award-winning law firm, provided the Kiril Mischeff team with corporate, real estate, and employment law services.

Dimiter Mirchev, Group Managing Director, said, “I would like to welcome the company and its valued staff, customers, and suppliers to the Kiril Mischeff Group family. We look forward to exploring the possibilities and exploiting the synergies that will be created in the combined Group for the benefit of all.”

Domenico Annessa, one of the founding directors of Annessa Imports Limited, says, “Along with all the Annessa Imports staff, I am looking forward to working with all the fellow members of the Kiril Mischeff Group. They are an established and well-respected business and I am looking forward to increasing and enhancing even further the product offering we bring to their customers, old and new and contributing to the future success of the Group.”

Commenting on the deal Saby Sambhi, who led the transaction for Schofield Sweeney, said “We are delighted to have supported Kiril Mischeff in another of their strategic acquisitions. Our ability to call on specialist support from both our real estate and employment colleagues allowed us to provide a holistic and seamless service, ensuring the transaction was completed in a condensed timescale and before the Autumn Statement, which was crucial to both parties. We look forward to assisting Kiril Mischeff with the integration of Annessa Imports Limited into their current group structure and the implementation of their exciting growth plans moving forward.”