Royal FrieslandCampina N.V. plans to divest its Landliebe brand and three German production facilities to Unternehmensgruppe Theo Müller, a German producer of dairy products

Royal FrieslandCampina N.V. plans to divest its Landliebe brand and three German production facilities to Unternehmensgruppe Theo Müller, a German producer of dairy products

(PRESS RELEASE) AMERSFOORT, 16-Jun-2022 — /EuropaWire/ — Royal FrieslandCampina N.V., a Dutch multinational dairy cooperative, has announced its intention to divest its Landliebe brand and three German production facilities, among others, and collectively part of the company’s German consumer business, to Unternehmensgruppe Theo Müller, a German producer of dairy products. The company will focus on growing its international brands like Chocomel and Valess, its Professional business, and some private label brands produced abroad in Germany. The employees engaged in the company’s activities in Germany, nearly 1,000, have already been informed about the planned divestment.

With the proposed transaction FrieslandCampina will sell the following business activities to Unterhemensgruppe Theo Müller: the brands Landliebe, Tuffi, Südmilch, Puddis, Mondelice, various private labels in the white dairy range produced by FrieslandCampina in Germany, the foodservice brand Gastro, as well as the production facilities, warehouses and distribution centres in Heilbronn, Cologne, and Schefflenz.

Moving forward, FrieslandCampina Germany will focus on the marketing and sales of its international brands Valess, Chocomel, its cheese brands – including Frico and Holland Master – and private labels produced by FrieslandCampina outside Germany – including cheese and cream spray cans. Additionally, the company will continue its Professional business. FrieslandCampina will also maintain its presence with Kievit in Lippstadt and with DFE Pharma in Goch and Nörten-Hardenberg.

FrieslandCampina will continue to collect and process the milk from its German member dairy farmers. For the German member dairy farmers, the rights and obligations associated with membership of the cooperative remain unchanged. They will also continue to be entitled to the FrieslandCampina guaranteed price, the supplementary cash payment, allocation of profit to the general reserves and, if applicable, any supplementary payments. The new owner will take over the supplier contracts of the German non-member dairy farmers.

Member of Royal FrieslandCampina’s Executive Board and President of FrieslandCampina Food & Beverage, Roel van Neerbos commented: “The market position and results of FrieslandCampina Germany have improved significantly in recent years through targeted measures. Nevertheless, we are convinced that in the new owner, the Unternehmensgruppe Theo Müller, we have found a suitable successor who, through synergy benefits, will be able to further develop this company successfully. FrieslandCampina will continue to focus on selling its strong international brands in Germany which is one of our home markets.”

Stefan Müller, Chairman of the Supervisory Board of Unternehmensgruppe Theo Müller, commented: “We are convinced that this acquisition will be highly complementary to our successful dairy portfolio on the German market and will make a positive contribution to the growth course of Unternehmensgruppe Theo Müller.”

The transaction is subject to customary closing conditions, including approval by the Members’ Council of Zuivelcoöperatie FrieslandCampina U.A. and the German competition authorities. The Member Council will decide on the proposed transaction on 20 June 2022. It is anticipated that the transaction will be completed before the end of 2022.

No statements will be made regarding the financial aspects of this transaction.

Media contact:

Jan-Willem ter Avest
+31 (0)6 836 399 40 press@frieslandcampina.com

SOURCE: FrieslandCampina

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