Ter Beke and Stefano Toselli to Create Joint Venure in Central and Eastern Europe
Ter Beke, the Belgium-based processed meats and ready meals company, and French pasta manufacturer Stefano Toselli are considering forming a joint venture for supplying pasta and ready meals to Central and Eastern Europe.
The two companies have agreed to investigate the opportunity to develop a chilled lasagne and pasta meals business in Central and Eastern Europe. The business plan may also involve the construction of a local, automated production plant exclusively dedicated to the Central and East European markets.
The agreement anticipates the creation of a 50/50 joint venture between YHS Holdings, the holding company controlling Stefano Toselli, and FreshMeals, Ter Beke’s ready meals division.
Ter Beke currently sells its range of products in ten European countries. It operates nine industrial sites in Belgium, the Netherlands and France and employs approximately 1,800 people. Ter Beke generated a turnover of Eur392m in 2009.
Based in Normandy, Stefano Toselli manufactures pasta-based products on two automated production lines for the retailers across Europe. Stefano Toselli employs 226 people and had a turnover of Eur66m in 2009.
