Vion Food Group has reached a principal commercial agreement with Group of Butchers, regarding the sale of its Food Service Business Unit. The intended transaction marks the final major milestone in Vion’s strategic German portfolio adjustment and reflects the company’s continued focus on strengthening its core Benelux markets and creating long-term value.
Following a comprehensive review of market developments and strategic opportunities, Vion concluded that the Food Service Business Unit would be best positioned for future growth under new ownership.
The intended transaction is structured as a share deal and includes Vion Food Service Holding GmbH, Salomon FoodWorld GmbH and its subsidiaries, including the production facilities in Großostheim and Holzwickede. The transaction remains subject to antitrust approval as well as other customary closing conditions.
Over the years, the brand Salomon FoodWorld has developed into a fast-growing and highly successful business with market positions across multiple European countries.
Group of Butchers is an internationally established food company with extensive expertise in artisanal food production and strong relationships with leading retail customers. The combination is expected to provide an enhanced platform for continued growth, create operational synergies and ensure continuity and development opportunities for employees, customers and business partners.
“This transaction brings great value to Group of Butchers, while providing Salomon FoodWorld with an excellent platform to continue its successful growth journey. Upon closing of the transaction, Vion will have completed the final major step in executing its German portfolio adjustment announced two years ago, while further strengthening its balance sheet. Vion’s full focus is on Netherlands-based farmers, operations and chains, serving national, European and other export markets.” says Tjarda Klimp, CEO of Vion Food Group.
Closing is expected within the coming months. Until then, all sites and business activities will continue to operate as usual. Vion will maintain existing supply chains and customer relationships throughout the intended transaction and fulfil all commitments.
Vion Continues to Execute its Strategy
Following the successful transition of the German sites and Food Service business to new ownership, Vion will further sharpen its focus on the Benelux region, where it holds a well-established market position across integrated supply chains, while continuing to invest in sustainability and value-added segments.
Rothschild & Co acted as sole financial adviser to Vion Food Group in connection with the transaction.