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Bonduelle Gets Green Light For Hungarian Acquisition

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Bonduelle Gets Green Light For Hungarian Acquisition

Bonduelle Gets Green Light For Hungarian Acquisition
May 16
08:51 2012
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Bonduelle Group, the world leader in processed vegetables, has strengthened its position in Central Europe after receiving the approval of the Hungarian competition authorities for its acquisition of Kelet-Food, a canning factory with a capacity of 25,000 to 30,000 tonnes. Located in Nyiregyhaza, north-east of Budapest, Kelet-Food produces canned sweet corn and peas, which it sells under retailers’ own brands at national and local level. The company produced 15,000 tonnes of canned foods in 2011, well below its production capacity.

Bonduelle Group has had an industrial presence in Hungary for 20 years, producing 130,000 tonnes of canned food – mostly sweet corn and peas – in two industrial units, both located in the south of the country: Nagykoros, acquired in 1992, and Bekescsaba, acquired in 2002.

The Kelet-Food plant will enable Bonduelle to supply its booming markets in Central Europe. It is located in a different production area from the group’s other two Hungarian factories, which will allow for a better distribution of agricultural risks

The factory at Nyiregyhaza will be operational for the next harvest with 2,850 ha planted. It employs 60 permanent staff to which will be added 250 seasonal workers this summer. It is expected to produce 20,000 tonnes of sweet corn and 7,000 tonnes of peas.

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