Sector News

FrieslandCampina to divest German businesses to Müller

June 19, 2022
Consumer Packaged Goods

FrieslandCampina plans to divest parts of its German consumer business to Unternehmensgruppe Theo Müller, including a portfolio of brands and three German plants.

The transaction will include the Landliebe, Tuffi, Südmilch, Puddis and Mondelice brands, private label products in FrieslandCampina’s white dairy range, foodservice brand Gastro, as well as three manufacturing facilities located in Heilbronn, Cologne and Schefflenz. The dairy giant will continue to market and distribute international brands within Germany such as Valess, Chocomel drinks and its Frico and Holland Master cheese businesses.

Roel van Neerbos, president of FrieslandCampina’s food and beverage division, said: “The market position and results of FrieslandCampina Germany have improved significantly in recent years through targeted measures. Nevertheless, we are convinced that in the new owner, the Unternehmensgruppe Theo Müller, we have found a suitable successor who, through synergy benefits, will be able to further develop this company successfully.”

He added: “FrieslandCampina will continue to focus on selling its strong international brands in Germany which is one of our home markets”.

The transaction is subject to customary closing conditions and is anticipated to be completed before the end of 2022.

Financial terms of the deal were not disclosed.

By Lauren Ford


comments closed

Related News

April 14, 2024

McCain Foods completes acquisition of Strong Roots

Consumer Packaged Goods

McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.

April 14, 2024

Cargill’s alternative cocoa collaboration gets off the ground as cocoa prices continue to climb

Consumer Packaged Goods

Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.

April 14, 2024

L’Occitane stock still halted as owner reportedly tries again to privatize beauty company

Consumer Packaged Goods

L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.

How can we help you?

We're easy to reach