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Südzucker AG
M&A Activity • Nov 2, 2017
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M&A Activity
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Ad-hoc | 2 November 2017 10:55
Südzucker AG: Südzucker subsidiary Freiberger acquires Richelieu, a U.S.-based pizza producer
Südzucker AG / Key word(s): Mergers & Acquisitions/Mergers & Acquisitions
Südzucker AG: Südzucker subsidiary Freiberger acquires Richelieu, a U.S.-based pizza producer
02-Nov-2017 / 10:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Insider information publication according to section 17 MAR
Mannheim, 02 November 2017
Südzucker subsidiary Freiberger acquires Richelieu, a U.S.-based pizza producer
Freiberger USA Inc., Morris Plains, a 100 %-owned subsidiary of Südzucker Group, acquires Richelieu Foods Inc, Braintree/Massachusetts, the largest frozen pizza producer for private label in food retailing in the USA from Centerview Capital. The Enterprise Value is USD 435 million.
Richelieu produces with nearly 900 employees frozen and chilled pizza as well as sauces and dressings for the food retailing private label business in the USA. Thereby Richelieu is domiciled in the worldwide largest and fastest growing pizza market. In business year 2016 revenues of USD 325 million were generated. The acquisition is subject to subsequent approval by the U.S. antitrust authorities.
Südzucker AG
Central Investor Relations Department
Nikolai Baltruschat
Maximilianstraße 10
68165 Mannheim, Germany
Phone: +49 621 421-240
Fax: +49 621 421-449
02-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Südzucker AG |
| Maximilianstr. 10 | |
| 68165 Mannheim | |
| Germany | |
| Phone: | +49 (0)621 – 421-530 |
| Fax: | +49 (0)621 – 421-7530 |
| E-mail: | [email protected] |
| Internet: | www.suedzucker.de |
| ISIN: | DE0007297004, XS0606202454 DE000A1AJLE6 XS0222524372 |
| WKN: | 729700, A1GNRQ A1AJLE A0E6FU, |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover, Tradegate Exchange |
| End of Announcement | DGAP News Service |