Germany

Tönnies receives approval to acquire meat plant

Mergers & Acquisitions

Tönnies recently announced that it received approval from the German independent competition authority, Bundeskartellamt, for acquiring the Badbergen site, also known as Artland Convenience, from Lutz-Fleischwaren Group.

Posted on Sep 14 ,14:00

Tönnies receives approval to acquire meat plant

 

The company had already leased slaughter capacities there, according to Tönnies' press release.

"We are pleased with the agreement of the Federal Cartel Office and can now start the concrete planning," said Karl-Heinz Schlegel, Managing Director Convenience at Tönnies, in a statement.

After receiving approval, Tönnies said that it plans to start investing in technological changes at the acquired facility.

Tönnies is a leading global company from the food industry and has four divisions: meat, convenience, ingredients, and logistics.

The company is headquartered in Rheda-Wiedenbrück. Tönnies employs approximately 10,000 people across eight German and one Danish production facility. The Tönnies group is active worldwide, and it has 25 international offices.

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