Sector News

FrieslandCampina to divest German businesses to Müller

June 19, 2022
Food & Drink

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

Source: foodbev.com

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.