Germany

Vion increases its stake in hide company

Mergers & Acquisitions

German-based meat producer Vion Food Group increased its stake in hides producer BestHides to 60% by acquiring another 20% of its shares.

Posted on Jan 16 ,12:42

Vion increases its stake in hide company

BestHides is a globally active supplier of chilled and wet salted hides and wet salted calfskins from north, central and south Germany. In 1980 BestHides was an original start-up of Vion.

Since 2014, BestHides is jointly owned by Vion and Darling Ingredients Inc., of which Vion has acquired 20% of the shares.

Today Vion is the biggest supplier of BestHides located in Eching and Memmingen. “Vion valorises all parts of the animal in the best possible way. This step fits perfectly in the strategy of Vion to strengthen its Beef division” says Bernd Stange, Chief Operating Officer Beef.

BestHides will be fully consolidated by Vion starting 2018.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SWITZERLAND

DNA origin check has achieved its goals and is discontinued by Proviande

Due to the excellent consistency of the results with the declaration listed on the meat products,...


Read more Read more
USA

US: Swine industry addressing H5N1 risk with ongoing collaborative effort

In spring 2024, H5N1, a highly pathogenic avian influenza (HPAI), was diagnosed in Texas dairy he...


Read more Read more
USA

NCC shares USDA’s goals to further reduce foodborne illness

“President Trump is committed to ensuring American consumers have the safest, most abundant...


Read more Read more
Websolutions by Angular Software and SpiderClass