Südzucker AG - M&A Activity 2017

News Details

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

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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

[email protected]

02-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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