Tonnies war burst again

Mergers & Acquisitions

The son of the founder takes position against the takeover of two plants of the Swiss meat processor Bel.

Posted on Jul 24 ,04:57

Tonnies war burst again

German company Tonnies is caught in another episode of the legacy war, with Clemens Tonnies, the 63-year-old boss of the meat company Tonnies, and his nephew Robert contesting the decision to the takeover of two plants of the Swiss meat processor Bell.
The move was announced in June but Robert Tonnies the younger son of the founder of the company announced he doesn't agree with it. In order to prevent the business, Robert Tonnies has filed a petition for a preliminary injunction against the Tonnies Holding and three managing directors - including his uncle- at the district court of Bielefeld, according to Fleischwirtschaft magazine.

The company intended to buy the Bell sites Suhl in Thuringia and Borger in Emsland with around 400 employees but Robert Tonnies said he is against the purchase. The deal worth €15 million is considered a burden to the company by the son of the founder.
The legacy over Tonnies Group is a five years-long scandal publicly staged in several lawsuits and received national attention as a "battle of butchers". The nephew, who felt excluded from the corporate leadership, had tried to obtain a say in the matter that corresponds to his company participation. In April 2017, the counterparties then agreed on a "peace treaty", according to which Clemens and Robert Tönnies with five other managers move into an advisory board, which should be heard on important decisions.

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