Dutch food producer Vion Food continues the expansion of its Foodservice division, having completed its takeover of FVZ Convenience GmbH, with the production site in Holzwickede.
This follows the acquisition of the remaining 49 percent share in FVZ from minority shareholder Westfleisch eG. Both parties have agreed not to disclose the final purchase price.
FVZ produces premium-quality convenience meat products at its site in Holzwickede and is a market leader in the deep-frozen schnitzel and knuckle, as well as the inventor of the oven-bake schnitzel.
Full integration of FVZ into the Foodservice division will allow Vion to strengthen its third core business activity alongside fresh beef and pork divisions.
“The FVZ and SALOMON FoodWorld brands will allow us to operate with greater focus both nationally and internationally and help us to consolidate our market position. Both brands will be managed by Vion Foodservice from its site in Großostheim in Bavaria, Germany,” said Bernd Stark, COO of Foodservice at Vion.
“We’re looking to increase our turnover by 20% over the next three years and to grow market share in all areas, both with our existing partners and with new customers. With two separate brands under one roof, we can now take an even more strategic approach to achieving that objective”, Stark added.