HOCHDORF Holding AG
HOCHDORF Group Press Release: Takeover of Zifru and Snapz
HOCHDORF Holding AG / Key word(s): Takeover HOCHDORF strengthens its position in Cereals & Ingredients Hochdorf, 1. November 2017 – HOCHDORF Holding Ltd has signed purchase agreements for the acquisition of Zifru Trockenprodukte GmbH, Zittau, and the Snapz brand. With both acquisitions, HOCHDORF is expanding its product portfolio in its Cereals & Ingredients division and purchasing a children’s food brand established in the USA and Europe. The acquisition will be completed by the end of October 2017. The HOCHDORF Group is building its strategy on two cornerstones: forwards integration and the development and marketing of new products with high added value. The purchase of Zifru Trockenprodukte GmbH and the takeover of the Snapz brand strengthens the company’s Cereals & Ingredients division in the area of healthy children’s nutrition, in line with the HOCHDORF strategy. Supplementary Kids’ Food products The company’s production plant in Zittau will be expanded with additional technologies to enable it to offer a comprehensive Kids’ Food range to the global marketplace. “We have been able to obtain purchasing, production and marketing experience with the acquisition of Zifru and the Snapz brand,” explains Michael Burla, Managing Director of Cereals & Ingredients at HOCHDORF. Mr Burla is confident that the integration of Zifru and the Snapz brand will provide an optimal foundation for producing and marketing healthy children’s snacks. The acquisition was completed at the end of October 2017. The parties agreed not to disclose the purchase price. Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=PULDKHDGJL Document title: HOCHDORF: Takeover of Zifru and Snapz End of ad hoc announcement Information and Explanation of the Issuer to this News: About the HOCHDORF Group About Zifru Trockenprodukte GmbH Snapz |
Language: | English |
Company: | HOCHDORF Holding AG |
Siedereistrasse 9 | |
6281 Hochdorf | |
Switzerland | |
Phone: | +41 41 914 65 65 |
Fax: | +41 41 914 66 66 |
E-mail: | hochdorf@hochdorf.com |
Internet: | www.hochdorf.com |
ISIN: | CH0024666528 |
Listed: | SIX Swiss Exchange |
End of Announcement | EQS Group News Service |