British investment group takes over German poultry processor
Management remains on board Management and jobs are retained
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Boparan Private Office, headquartered in Birmingham, UK, is the new owner of the German turkey and chicken processor HEIDEMARK in Ahlhorn. HEIDEMARK will be part of the European division of the Storteboom Food Group, which is wholly owned by Boparan Private Office.
With the acquisition of the family-run company from Lower Saxony, Storteboom Food Group is strengthening its position as a poultry producer in Europe. The HEIDEMARK business will be integrated as an independent German business unit, complementing Storteboom's operations in the Netherlands, Poland and the Republic of Ireland.
HEIDEMARK's management, executive team and employees will remain in their positions. They will accelerate the strategy for the development of the company. HEIDEMARK will continue to operate under the current company name. CEO Andres Ruff and the management team will work systematically on the implementation of the growth targets.
The closing of the transaction is subject to merger control clearance by the European Commission. Both companies expect the transaction to be completed appropriately and swiftly within the framework of the legal procedure. Pending the outcome of the antitrust proceedings, both companies will continue to operate independently on the market.
Ranjit Boparan, Chairman of Boparan Private Office: "We are very excited about this acquisition and would like to thank the Kalvelage family for entrusting us with the future growth of the business. The business fits perfectly into our overall group strategy 'Next Gen', in which we want to further develop the following areas of production: advanced automation, innovation, productivity and net zero sustainability. We have great respect for the HEIDEMARK business and believe that we can learn a lot from each other in the coming years."
Christopher Kalvelage, current owner of HEIDEMARK: "We are delighted to have found a buyer in Ranjit Boparan who will continue to run HEIDEMARK in our family entrepreneurial spirit. The promise that all employees will keep their jobs and the management will remain on board was very important to us. We, the Kalvelage family, were also very impressed by the prospects of the new owner. The name HEIDEMARK will continue to stand for good corporate policy and excellent products in Germany."
Veli Moluluo , CEO of Storteboom Food Group: "HEIDEMARK's expertise in the poultry sector supports our plans on a pan-European level. The acquisition is part of a long-term European strategy focused on sustainable capacity growth, expanding product innovation and strengthening
transparent supply chains."
Andres Ruff, CEO of HEIDEMARK: "With our expertise in turkey and our overall strategy in poultry, this acquisition forms an excellent basis for organic growth in continental Europe. Together we want to further develop the poultry business. Both companies complement each other really well. HEIDEMARK's current locations will be retained, while we are planning further investments."
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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