FDBusiness.com

Total Produce Acquires 50% of Leading Dutch Fresh Produce Company

 Breaking News
  • Ferrero to Acquire US Confectionery Company Ferrero Group is acquiring Ferrara Candy Company, the third largest non-chocolate confectionery company in the US, from L Catterton, the biggest and most globally consumer-focused private equity firm in the world. The terms of the transaction were not disclosed. Ferrara is best known as the maker of iconic brands such as Trolli, a leader in [...]...
  • Shift to Sustainable Food System in Europe is Possible – But Faces Challenges Making Europe’s production, consumption and trade in food environmentally sustainable is possible, but it will require a major shift in public attitudes, policies and knowledge and seizing current opportunities for change, according to a newly published European Environment Agency (EEA) report. The EEA report ‘Food in a green light,’ analyses the challenges Europe faces in shifting [...]...
  • Pet Food Producer Achieves 30% OEE Improvement and Brand Security With OAL Connected Wagg Foods, a leading producer of high-quality pet food, has increased its OEE efficiency by 30%, secured its packaging lines from errors and ensured full compliance with retailers’ code of practice with OAL Connected, a modular suite of packaging line software. Known for its laser-focus on quality, nutrition and product development, Wagg Foods prides itself on [...]...
  • Thirsty Business – How Water Reuse Can Benefit the Food and Beverage Industry By Martin Kunz, EMEA Segment Leader, Industry for Xylem’s Applied Water Systems business Only 2.5 percent of the world’s water is fresh water, and of that, only one percent is accessible as much is trapped in glaciers and snowfields. By one estimate, global fresh water demand will exceed supply by 40 percent in 2030 if current [...]...
  • Hilton Food Group to Move into UK Fish Processing Hilton Food Group, the UK-based specialist international meat packing business, has agreed to acquire Icelandic Group UK (Seachill), a leading chilled UK fish processor, for cash consideration of £80.8 million. The acquisition will provide Hilton with entry into the processing and supply of fish in the UK. Robert Watson OBE, chief executive of Hilton Food Group. Founded [...]...

Total Produce Acquires 50% of Leading Dutch Fresh Produce Company

Total Produce Acquires 50% of Leading Dutch Fresh Produce Company
December 21
10:36 2011

Total Produce plc, Europe’s leading fresh produce company, is to acquire 50% of Frankort & Koning Beheer Venlo and subsidiaries for up to Eur15 million. Headquartered inVenlo, the Netherlands, Frankort & Koning is a fresh produce company with operations principally in the Netherlands, Germany and Poland. Frankort & Koning recorded a turnover of Eur296 million in the year ended 31st December 2010 and realised average profits after tax and minorities of Eur2.7 million over the last three financial years. It will have net assets of approximately Eur5.5 million at completion.

 

The transaction is subject to the normal regulatory clearances. The group will continue to be managed by the existing management team, each of whom has entered into a long term service agreement as part of the transaction. “This acquisition adds to our presence in key European markets,” says Carl McCann, chairman of Total Produce.

 

Total Produce plc was created in January 2007 following the demerger of Fyffes. It has annualised sales of more than Eur2.6 billion.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 19, 2017PMA Fresh Summit 2017
  • October 21, 2017Food & Nutrition Conference & Expo 2017
  • October 22, 2017Serbotel
  • October 22, 2017Natexpo
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements