EUROPE

Bell Food Group to become Europe's leading supplier of convenience food

Mergers & Acquisitions

Swiss company Bell Food Group will become the leading supplier of convenience food in Europe after acquiring Dr. A. Stoffel Holding AG, the majority shareholder in the internationally active food group Hügli.

Posted on Jan 16 ,15:49

Bell Food Group to become Europe's leading supplier of convenience food

Bell Food Group, one of the leading meat processors and makers of convenience products in Europe, announced that the Stoffel Holding stake in Hügli Holding represents 50.2% and 65.0% of the voting shares.

Meanwhile, Bell Food Group also said that it is making a tender offer for the remaining publicly traded shares of Hügli Holding AG at a price of CHF 915 per share, which, the company said, is relative to the nominal value is the same price as applies to the majority stake bought from Stoffel Holding.

The company also said in a statement that the price corresponds to a takeover premium of 14.4% over the volume-weighted average price for the last 60 trading days prior to the announcement of the tender offer.

This move, according to Bell Food Group, will strengthen its position in the convenience products market, the company already reporting a CHF 3.4 billion ($3.5 billion) revenue per year.

Furthermore, the company expects that around CHF 1 billion in revenues – more than a quarter of Bell Food Group’s consolidated revenues – will in future be generated in the high-growth, high-margin convenience sector.

Photo Source: Bell Food Group Ltd

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

USA

USMEF: We have to rebuild the market for US beef in Saudi Arabia

EUROMEATNEWS.COM: How was the US beef production in 2017? What will 2018 bring in terms of meat p...


Read more Read more
Middle East

A new approach on food-issues from the Gulf countries

Meat consumption in the area is resumed at red meat, poultry, camel, beef, and buffalo ...


Read more Read more
Canada

Halal market in Canada is expanding fast

For Alberta’s Department of Agriculture, halal economic opportunities have become...


Read more Read more
Websolutions by Angular Software and SpiderClass