FDBusiness.com

FrieslandCampina Completes Restructuring in Hungary

 Breaking News
  • PepsiCo Targets African Growth in $1.7 Billion Deal PepsiCo has agreed to acquire all the outstanding shares of Pioneer Foods Group of South Africa for approximately US$1.7 billion. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo’s current line-up, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, [...]...
  • WHO/Europe Studies Find Baby Foods are High in Sugar and Inappropriately Marketed For Babies Two new studies from WHO/Europe show that a high proportion of baby foods are incorrectly marketed as suitable for infants under the age of 6 months, and that many of those foods contain inappropriately high levels of sugar. WHO’s long-standing recommendation states that children should be breastfed, exclusively, for the first 6 months. Its 2016 [...]...
  • AB World Foods Selects e.fundamentals to Help Drive Online Sales AB World Foods, the ethnic foods division of Associated British Foods, has selected ecommerce analytics provider e.fundamentals to help drive sales of its products through retailers’ websites. AB World Foods, whose brands include Patak’s, Blue Dragon, Levi Roots and Tabasco, has become a client of e.fundamentals’ retail service, which continuously reports how brands are performing [...]...
  • AxFlow Holding Acquires Induchem Group in Ireland AxFlow Holding, the international fluid handling group that is active in all European markets, South Africa, Australia, and New Zealand, has acquired the Irish Induchem Group, the specialist provider of fluid handling solutions, which predominately focuses on valves, pipe solutions, mixers and pneumatics. Headquartered in Cork, the Induchem Group has four sites, located in Ireland and [...]...
  • AB InBev to Sell Australian Business For US$11.3 Billion to Asahi Group Anheuser-Busch InBev has agreed to divest Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group Holdings for Au$16.0 billion, (US$11.3 billion) in enterprise value. The transaction represents an implied multiple of 14.9x 2018 normalised EBITDA. As part of this transaction, AB InBev will grant Asahi Group Holdings rights to commercialise the portfolio of AB [...]...

FrieslandCampina Completes Restructuring in Hungary

FrieslandCampina Completes Restructuring in Hungary
April 23
09:45 2015

Royal FrieslandCampina has agreed to sell its Debrecan plant in Hungary to local dairy producer Alfoldi Tej for an undisclosed price. The new owner will continue the production of dairy products on site without interruption and employment will be maintained. Besides the purchase and sale agreement, the two companies also signed a toll manufacturing agreement, guaranteeing that the products currently produced in the Debrecen plant will continue to be produced there and marketed by FrieslandCampina going forward. The sale of the Debrecen plant is another milestone in FrieslandCampina’s process and logistics realignment in Hungary, which now has been completed.

The goal of FrieslandCampina’s realignment was to support the long-term sustainability of the domestic production capacity and to make it more efficient and competitive, thus ensuring a strong presence on the Hungarian market in the future as well. The substantial expansion of the Mateszalka plant in 2014 and the protection of the future of the Debrecen plant were two crucial steps in this process.

Peter Szautner, managing director of FrieslandCampina Hungária, comments: “This agreement is very much in line with the company’s objective to maintain the jobs of the employees of the Debrecen plant and to safeguard the future of the dairy industry in Debrecen. With this step, FrieslandCampina’s process and logistic realignment has been completed. We believe that we have reached a positive and sustainable outcome. With this deal, the company is showing its continuously commitment to the local market, production in Hungary and the most complete service available to satisfy consumer needs.”

The agreement has received approval by the authorities.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements