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HOCHDORF Holding AG — M&A Activity 2011
May 3, 2011
897_rns_2011-05-03_4e1fc275-c2f6-4f3e-89d7-a9fbf4df298d.html
M&A Activity
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News Details
Ad-hoc | 3 May 2011 16:31
HOCHDORF Holding AG: HOCHDORF Nutribake AG sold to the BAKELS Group
HOCHDORF Holding AG / Key word(s): Disposal
03.05.2011 16:31
Release of an ad hoc announcement pursuant to Art. 72 KR
Bakery ingredients specialist acquires HOCHDORF Nutribake AG
Hochdorf, 3 May 2011 - The HOCHDORF Group continues its strategic focus by
selling the trading company HOCHDORF Nutribake AG to the international
BAKELS Group. Acquiring Nutribake makes BAKELS a major player in the Swiss
bakery industry for the first time.
The HOCHDORF Group continues with its strategic focus on sales of milk,
milk derivatives and infant formula. The HOCHDORF Group sells HOCHDORF
Nutribake AG, a trading company active in the bakery industry, to the
BAKELS Group which is an international Group of companies in the bakery
ingredients sector. The sale is effective retroactive as of 1 April 2011.
There will be no change for HOCHDORF Nutribake AG employees and customers.
All the jobs at the Hochdorf site will remain and the customers will
continue to be advised by the people they are familiar with.
Production to remain in Switzerland
HOCHDORF Nutribake AG is one of the market leaders in Switzerland as a
sales and development organisation in the market of bakery ingredients. The
company supplies craft bakeries and (semi-) industrial bakery companies. By
providing expert service, customer application support and
customer-oriented innovations HOCHDORF Nutribake AG has consolidated and
further developed its market position in recent years.
HOCHDORF Nutribake AG will continue to sell the brands that are well-known
in the industry, such as LEVIT, ALBAKO, SUMAX, MOUL-BIE and many more Swiss
products. They will be produced exclusively in Switzerland to the same high
quality standard. The HOCHDORF Group will therefore retain its control over
a substantial proportion of the production.
The BAKELS Group - a Swiss company
The BAKELS Group has been a successful player in the development,
production and marketing of bakery ingredients since 1904. Today, BAKELS is
one of the most successful companies in their market. With 2,500 employees,
the Group is active worldwide on all five continents and supplies customers
in every sector of the bakery market. Like HOCHDORF Nutribake AG, the
BAKELS Group focuses on industry-specific product development and
customer-oriented advice. Although BAKELS' headquarters has been in
Switzerland for 50 years the acquisition of HOCHDORF Nutribake AG
constitutes the first active business presence in the Swiss bakery
industry. According to Armin Ulrich, CEO of the BAKELS Group, a long-held
wish came true. For further details about the BAKELS Group, please refer to
the website: www.bakels.com.
Opportunity in the international bakery products industry
Benno Eigenmann, Managing Director of Nutribake AG, is confident of the
company's future prospects: 'HOCHDORF Nutribake AG can more than hold its
own as an innovative company in the BAKELS Group. But I am sure that we can
also benefit from the large BAKELS network. We are looking forward to
working in a Group of companies that operates exclusively within the bakery
ingredients industry.' The HOCHDORF Nutribake AG brand will be maintained
for the immediate future. In the medium term, it is intended to offer the
internationally successful products in Switzerland but also to improve the
international marketing of high-quality Swiss products with the help of the
BAKELS Group.
Information and Explaination of the Issuer to this News:
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross
turnover of CHF 351.4 million in 2010. It is one of the leading foodstuff
companies in Switzerland, employing 317 full-time staff as of 31.12.10.
Made from natural ingredients such as milk and wheat germ, HOCHDORF
products have been contributing to our health and wellbeing since 1895 -
from babies to senior citizens. Our customers include the food industry,
the retail industry and bakeries. Our products are sold in around 80
countries. The HOCHDORF Group's shares are traded on the Berne stock
exchange and are distributed among approximately 1,200
shareholders.
Contacts
HOCHDORF Group:
Christoph Hug, Corporate Communications, HOCHDORF Group
Tel: +41 41 914 65 62 / +41 79 859 19 23, [email protected]
BAKELS Group:
Patrick Gloggner, CFO, BAKELS Group
Tel: +41 41 854 46 44, [email protected]
03.05.2011 News transmitted by EquityStory AG.
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Language: English
Company: HOCHDORF Holding AG
Siedereistrasse 9
6281 Hochdorf
Schweiz
Phone: +41 41 914 65 65
Fax: +41 41 914 66 66
E-mail: [email protected]
Internet: www.hochdorf.com
ISIN: CH0024666528
Swiss Security Number:
Listed: BX
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