GERMANY: Greenyard eyes efficiency with KTG Agrar tie-up
Greenyard looks to drive efficiency
The deal would see KTG Agrar take "operational leadership" of the deep-frozen vegetable activities of Greenyard's German facility in Manschnow.
Greenyard will rent the facility to KTG Agrar, who will take over responsibility for personnel at the site. KTG Agrar, who already operate a frozen facility in Ringleben, will produce the Franzel frozen food brand in Manschenow.
"The strategy of Greenyard Foods is focused on the optimization of its production units and to improve the efficiency within the group. The signing of this principle agreement is a further step forward in this optimization within the deep-frozen division Pinguin," Greenyard said.
Greenyard Foods and KTG Agrar sign a principle agreement on an operational cooperation of the German deep-frozen vegetable activities
On September 26, 2013 Greenyard Foods has signed a principle agreement with KTG Agrar with regard to an operational cooperation on the German production site of deep-frozen vegetables located in Manschnow. The agreement means that KTG Agrar will take operational leadership on the deep-frozen vegetable activities of the German production site in Manschnow. In particular Greenyard Foods will rent the German production unit in Manschnow to KTG Agrar and the latter will take over the personnel.
The strategy of Greenyard Foods is focused on the optimization of its production units and to improve the efficiency within the Group. The signing of this principle agreement is a further step forward in this optimization within the deep-frozen division Pinguin.
The KTG Agrar Group is owner of the Frenzel brand, an important German retail brand in frozen food in Germany. The Group already operates from its factory in Ringleben where it processes frozen food under the Frenzel brand. From October 1st onwards they will add the operations in Manschnow to reinforce their offer to the German frozen food market with a full offer of frozen vegetables and fruit.
Greenyard Foods and KTG Agrar are convinced that the re-unification of the Frenzel companies is an excellent move to grow within the German frozen food market.
Original source: Greenyard Foods
- 2017: three major drivers of M&A strategy
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- 2017 - what will shape the UK food sector?
- Could BRF's Turkey move pave way for OneFoods IPO?
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- Ferrero insists Nutella not pulled from shelves
- Lindt sees FY sales acceleration on Europe growth
- Unilever sets packaging target