Bell Food Group becomes ‘leading’ convenience supplier with Hügli acquisition

By Oscar Rousseau contact

- Last updated on GMT

Bell Food Group claim to be one of Europa's leading meat producers
Bell Food Group claim to be one of Europa's leading meat producers

Related tags: Stock, Germany

Swiss meat producer Bell Food Group is to become one of Europe’s leading convenience food suppliers following its acquisition of food group Hügli.

In an all-Swiss deal, Bell Food Group, which claims to be one of Europe’s leading meat producers, has acquired Dr A Stoffel Holding, the majority shareholder in Hügli.

Bell Food Group is also making a public tender offer to buy all outstanding shares in Hügli, priced at CHF915 (Swiss Francs) per share.

Once complete, Bell Food Group claim it would be responsible for more than a quarter of sales generated in Europe’s convenience food sector, making it a leader in this field. This would significantly strengthen the company, which is already a business generating CHF3.4bn (US$3.5bn) of revenue per year.

Bell Food Group manufacture a range of meat products including smoked sausage
Bell Food Group manufacture a range of meat products including smoked sausage

‘Important milestone’

Bell Food Group said it also planned to increase capital investment to CHF600m to finance the acquisition and additional “growth investments” in the convenience food sector.

The takeover has been financed through a mix of equity and debt capital. The split was not disclosed.

Hügli will operate as a subsidiary of Bell Food Group. It plans to elect Jean Gérard Villot, current chairman of the board at Hügli, as an additional member of its board of directors.

As well as strengthening our traditional areas of business, the acquisition of Hügli marks an important milestone in our growth strategy in the convenience sector,​” said Hansueli Loosli, chairman of the board of directors, Bell Food Group.

We are proud that Hügli’s founding family has chosen us as the new owner. We believe this combination has great potential to benefit our customers, employees and shareholders.​”

Hügli produces soups, sauces and meat alternatives, employs 1,500 people and operates 10 production plants in Switzerland, Germany, Italy, Spain, the Netherlands, the Czech Republic and the UK.

Jean Gérard Villot - Bell Food Group - optimised
Jean Gérard Villot, Bell Food Group.

Related news

Show more

Related product

From trust grows success

From trust grows success

K+G Wetter | 09-Oct-2017 | Data Sheet

The award winning company Wünsch’s Fleischspezialitäten sets new quality standards for meat products – using machines made by K+G Wetter.

Related suppliers

comments

Post your comment

We will not publish your email address on the website

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.