Group of Butchers, a Dutch supplier of meat and mince-based products, is breaking into the German market for the first time with the acquisition of Hartmann.
No financial details were disclosed in the deal for family-owned Hartmann, which primarily manufactures meatballs and mince products from its base in Warendorf-Milte, North Rhine-Westphalia. The transaction is subject to approval by the relevant competition authorities.
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Other products in Hartmann’s range include patties, cutlets and chops supplied to what it says are “high-end and price-conscious” markets determined as “national and international commercial and bulk buyers of meat products”.
Remko Rosman, the chief executive of Group of Butchers, said the company mainly operates in the Netherlands and Belgium, adding the acquisition in Germany is an “important and extremely interesting proposition for us”.
In a joint statement, the three siblings that run Hartmann – Martina Beuker, Christian Hartmann and Maike Hartmann – said: “By joining forces, we are guaranteeing the continuity of Hartmann, the site with all its employees and our high-quality product range. As part of Group of Butchers, we will continue working to produce and sell traditional and innovative meat and mince-based products of proven quality.”
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Private-equity fund Equistone Partners Europe acquired a majority stake in Group of Butchers in January 2017.
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By GlobalDataCEO Rosman said: “Together with the management and highly motivated workforce of Hartmann we will now identify and leverage common customer and market opportunities in order to maintain both our growth strategy in all price segments and sales regions as well as our customers’ high level of satisfaction.”
