SWITZ: Bell to acquire German ham specialist
Swiss meat processor the Bell Group has announced plans to acquire a majority interest in German ham company Abraham.
The acquisition is a further step in the Bell Group's "strategy of internationalisation", the company said yesterday (26 November). The deal will be effective from 1 January.
Jürgen Abraham will continue as chairman of Abraham and also sit on the supervisory board of Bell Deutschland.
Both parties said they have agreed to "maintain confidentiality" with regard to purchase terms.
As of 2009, Abraham will be consolidated in the Bell accounts. The acquisition is subject to approval by the German anti-trust authority.
Following the takeover of the Polette Group in France and of majority interests in Zimbo and Abraham in Germany, Bell said it has achieved the "most important goals of its international strategy" and is "securely anchored" within Europe.
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