Sector News

Bell Food Group sells its German sausage business to Zur Mühlen

June 25, 2019
Food & Drink

Swiss meat manufacturer Bell Food Group has announced it plans to sell its German sausage business to the Zur Mühlen Group.

According to Bell, the retail market for meat and sausages in Germany is declining. The firm added that due to an oversupply to the market, it is difficult to pass on the sharp rise in the price of pork to sales prices.

Going forward, Bell’s business in Germany will focus on expanding the group’s position in the segment for high-quality German and international air-dried ham products.

Bell said that the Zur Mühlen Group is “the ideal buyer” for the unit. The German firm will take over Bell’s plants in Suhl and Börger, retaining the 400 employees at both facilities.

However, the sale of the sausage business is expected affect jobs in the administration and central services departments of Bell Germany.

Bell said the sale will reduce its net revenue by CHF 85 million ($87.2 million).

Last year, Bell Food Group secured a deal to acquire soup and sauce producer Hügli. At the time, Bell claimed the deal will it help to achieve significant growth in the convenience food market, estimating that a quarter of the brand’s future revenue will be generated from this sector.

Hügli produces a range of soups, sauces and meat alternatives, operates ten production plants in multiple European countries and employs 1,500 people.

Source: FoodBev

comments closed

Related News

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.