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March 27, 2020

Zwanenberg, Struik Foods shareholders approve merger

Two Dutch firms manufacturing ready meals, soups and sauces have agreed to merge after shareholders approved the previously announced deal.

By Dean Best

Dutch firms Zwanenberg Food Group and Struik Foods Europe will go ahead and merge after shareholders approved a proposed deal first announced in November.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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Zwanenberg manufactures snacks, ready meals, canned meats, soups and sauces, as well as vegetarian products, under brands such as Kips and Huls, and also offers a private-label service.

Family-owned Struik, which is based in Voorthuizen, is present in the same categories, manufacturing products under its namesake brand and the Ye Olde Oak and Sonnen Bassermann lines.

Zwanenberg chairman Aldo van der Laan said: “Together, Zwanenberg and Struik can be more effective than operating by themselves. By joining forces, we are better placed to meet the changing requirements of consumers with product ranges relevant to their needs.”

The merger will create a business with combined annual sales of EUR540m (US$595.7m) and 1,800 employees, according to a statement, which added Zwanenberg is the bigger of the two companies with sales of EUR420m. 

René van Drie, the CEO of Struik, added: “Zwanenberg is an excellent partner for Struik, because it is well versed in the segments on which Struik focuses: soups, sauces, sausages and ready meals.”

The transaction has already been approved by the Autoriteit Consument & Markt, the Netherlands’ competition watchdog.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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