ABP Food Group has announced the acquisition of a beef factory in Germany.
The group’s affiliated entity, ABP GmbH, has bought Vion Food Group’s beef processing facility located in Buchloe, southern Germany.
The acquisition, which is subject to antitrust approval as well as other customary closing conditions, is expected to complete during the second half of this year.
The Vion Buchloe site is an abattoir and boning facility, located in the Allgäu region of southern Germany, with long-established strong connections to the local farming industry.
Commenting on the announcement, Frank Stephenson, CEO of ABP Food Group, said: “We are delighted that the wider ABP group is set to enter the German beef processing industry via ABP GmbH’s planned acquisition of Vion Buchloe.
Business as usual
“Over the coming months, we look forward to working with the team in Vion to ensure a smooth and seamless transition for farmer suppliers, colleagues and customers.
"Post acquisition, it will be very much business as usual with a commitment to building on Vion Buchloe’s well established tradition and reputation for high quality Bavarian red meat products,” he said.
ABP currently has processing sites across Ireland, the UK and affiliate sites in the Netherlands, Belgium and Poland.
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