Hochdorf completes asset disposals with sale of German cooking oil company | Food stuff Industry News

Marbacher Ölmühle marketed to unnamed German organization

Switzerland’s Hochdorf is providing its cooking oils and flours business in Germany as the company continues to refine its asset model less than a new strategic concentrate on toddler components and dairy elements.

Marbacher Ölmühle, which generates organic vegetable oils and flour from a site in Marbach, is getting bought to an unnamed loved ones-operate company in Germany with an emphasis on organic and natural meals for an undisclosed sum. The deal is envisioned to shut on 30 December, in accordance to a statement from Hochdorf.

Hochdorf obtained Marbacher Ölmühle in 2014 as portion of a go to fortify the Viogerm wheat germ business enterprise internationally but is now surplus to requirements soon after the Swiss firm earlier discontinued its cereals and elements division. 

“The sale of Marbacher Ölmühle completes the streamlining of the Hochdorf Group portfolio of companies as component of its strategic realignment,” the firm reported.

“We are happy to have identified a strategic trader who can positively influence the even further progress of Marbacher Ölmühle,” Hochdorf CEO Dr. Peter Pfeilschifter additional.

Hochdorf introduced a business overview in May well last yr right after having difficulties to amalgamate all of its business enterprise models and make profits. It then proceeded to exit its cereal and elements procedure, even though some components have been integrated into Hochdorf’s dairy division. 

In February, Hochdorf marketed its 60% keeping in German toddler-formulation manufacturer Uckermärker Milch as the corporation sought to focus manufacturing on Switzerland.

And final December it marketed its 51% stake in child-food subsidiary Pharmalys to the other shareholder Pharmalys Spend Keeping, controlled by Amir Mechria, in a deal that bundled Pharmalys Laboratories SA, Pharmalys Africa Sarl and Pharmalys Tunisia SA.

In May possibly this year, Hochdorf opted to terminate its dried fruit and greens unit, Zifru Trockenprodukte in Germany, and the snacks business enterprise Snapz Foodstuff in the US and Germany just after failing to protected purchasers.