Vion Sells Food Service to Group of Butchers

Vion Food Group has reached an agreement in principle on the sale of its Food Service Business Unit to Group of Butchers. With the proposed transaction, the company is taking the next step in the restructuring of its German portfolio, which was announced earlier. At the same time, Vion is sharpening its focus on the Benelux region.

Food Service gets a new owner

Following an extensive evaluation of market developments and strategic opportunities, Vion concluded that the Food Service Business Unit is best positioned for further growth under new ownership.

The proposed transaction is structured as a share deal. It includes Vion Food Service Holding GmbH, Salomon FoodWorld GmbH and its affiliated subsidiaries. The production sites in Großostheim and Holzwickede are also part of the agreement. The sale remains subject to approval by competition authorities and other customary closing conditions.

According to Vion, Salomon FoodWorld has developed into a fast-growing company with strong market positions in several European countries in recent years.

Expected benefits

Group of Butchers is an international food company with expertise in artisanal food production and established relationships with leading retail customers. According to Vion, the combination provides a solid foundation for further growth. Operational benefits are also expected. In addition, the transaction creates opportunities for employees, customers and business partners.

“This transaction creates value for Group of Butchers while providing Salomon FoodWorld with an excellent platform to continue its successful growth trajectory,” says Tjarda Klimp, CEO of Vion Food Group. Until completion of the transaction, all sites and business operations will continue to operate as usual. Existing supply chains and customer relationships will also be maintained.

Focus on the Benelux

Following the transfer of its German sites and Food Service activities to a new owner, Vion intends to further sharpen its focus on the Benelux region. The company points to its position within integrated supply chains and its investments in sustainability and value-added segments.

“Our full focus is on Dutch livestock farmers, operations and supply chains, serving national, European and broader export markets,” said Klimp. The transaction is expected to be completed in the coming months. Rothschild & Co acted as exclusive financial advisor to Vion Food Group on the transaction.

Vionfoodgroup.com