NETHERLANDS: Vion divests Oerlemans Foods to Baltussen Holding

By Michelle Russell | 14 January 2013

The deal is not expected to affect employees at Oerlemans Foods

The deal is not expected to affect employees at Oerlemans Foods

Dutch food group Vion has entered into a deal to sell its frozen vegetables, fruit and potato products firm Oerlemans Foods to fresh vegetables producer Baltussen Holding.

The struggling meat processor, which this month finalised a deal for an MBO of its UK pork arm, said the sale is a consequence of its revised strategy announced in June last year. The strategy, aimed at divesting non-core businesses and implementing investments in a "more vigorous manner" has seen the firm cut around 340 jobs in the Netherlands and around 290 in Germany.

Financial details of the transaction were not disclosed.

Baltussen Holding will be supported in the deal by its strategic partner Rijko. Baltussen specialises in the production and processing of fresh vegetables, while Rijko is involved in the sourcing of these raw materials.

The transaction is subject to the approval of the authorised competition authorities in Poland and the Ukraine. It is not expected to affect employees at Oerlemans Foods.

Show the press release

VION to sell Oerlemans Foods
11 | JAN | 2013
Today, VION N.V. announced that it has entered into an agreement for the intended sale of its company Oerlemans Foods to Baltussen Holding B.V. The latter will be supported by its strategic partner Rijko B.V. Baltussen specialises in the production and processing of fresh vegetables, Rijko in the sourcing of these raw materials.
Oerlemans Foods is a manufacturer of fresh frozen vegetables, fruit and potato products. The sale is a consequence of the revised strategy VION announced on 15 June 2012 which entails various measures and investments being implemented and made in an accelerated, more vigorous manner. VION companies that are no longer part of the company's core activities are to be divested. Oerlemans Foods occupied an independent position within the VION Group. In this context, VION already announced the sale of Banner Pharmacaps on 29 October 2012. The sale is not expected to affect labour opportunity at Oerlemans Foods. Advice has been requested from the Oerlemans Works Council concerning the intended sale. The transaction is also subject to the approval of the authorised competition authorities in Poland and the Ukraine.
Oerlemans Foods
Oerlemans Foods is a specialised manufacturer and supplier of fresh frozen vegetables, fruit and potato products. With a range of over 1,000 products and the brands Oerlemans, Keizer, Bio+ and Bauer, Oerlemans Foods focuses on the international foodservice, retail and industrial markets. The head office is located in Venlo NL and the company has production plants in the Netherlands and Poland.

Original source: Vion Food Group

Sectors: Fresh produce, Mergers & acquisitions

Companies: Vion

View next/previous articles

Currently reading -

NETHERLANDS: Vion divests Oerlemans Foods to Baltussen Holding

There are currently no comments on this article

Be the first to comment on this article

Related research

October Monthly Deals Roundup - Consumer Packaged Goods

The report provides a review and understanding of mergers and acquisitions (M&As), capital-raising, partnering deals, and agreements entered into by CPG companies during October 2012....

Oils Market in Germany to 2016

The report presents detailed data on consumption trends in the Oils category in Germany, analyzing consumption volumes and values at segment level. It also provides indispensable data on distribution channels, profiles of companies active in the Oils...

Solid Fats Market in Germany to 2016

The report presents detailed data on consumption trends in the Solid Fats category in Germany, analyzing consumption volumes and values at segment level. It also provides indispensable data on distribution channels, profiles of companies active in th...

Related articles

UK: ABP unveils plans for Debbie & Andrew's

Irish food processor ABP Food Group has revealed an investment plan for premium sausage brand Debbie & Andrew's to include additional product lines and a new advertising campaign.

UK: Former Vion unit Snowbird sold in MBO

UK cooked and frozen meat products manufacturer Snowbird Foods is to be sold in a management buy-out.

UK: Vion, horsemeat hit Boparan Q3 earnings

The acquisition of Vion's business in the UK, which remains loss-making, as well as the fall-out of the horsemeat saga have hit third-quarter earnings at 2 Sisters Food Group parent Boparan Holdings.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page