Euricom acquires Müller's Mühle and enters the German market for the first time
The Italian food company is acquiring the Gelsenkirchen facility from the GoodMills Group
Advertisement
Euricom S.p.A. (Euricom), an internationally active, family-owned supplier of rice, legumes, and other grain products, announces that the company has entered into binding agreements to acquire 100% of the shares in Müller’s Mühle GmbH (Müller’s Mühle). Müller’s Mühle is currently part of GoodMills Deutschland GmbH, one of Europe’s largest milling groups and a member of the GoodMills Group, and will be transferred only upon completion of the transaction.
With Müller’s Mühle, Euricom is acquiring a comprehensive range of capabilities in Germany: experienced specialists for all relevant distribution channels—retail, foodservice, and the food industry—as well as long-standing relationships with German customers, a large production facility in Gelsenkirchen, and the well-known Müller’s Mühle brand. Euricom intends to further expand Müller’s Mühle as its base in Germany, as well as to invest in the Gelsenkirchen facility, the brand, and the team, thereby making Euricom’s broader product range available to customers in Germany.
Müller’s Mühle is an established German manufacturer and supplier of legumes, rice, and other grains. The company was founded in 1893 and is headquartered in Gelsenkirchen. The Müller’s Mühle brand was launched in 1920 and has enjoyed the trust of German consumers for generations. It was a pioneer in Germany for products such as red lentils, Beluga lentils, and basmati rice. Müller’s Mühle will complement the portfolio of well-known local Euricom brands in other key European countries. These include, among others, Curtiriso and Flora in Italy, Sonko in Poland, and Ebly in France.
Expansion of European Market Presence
The acquisition strengthens Euricom’s presence in the legumes segment, a category with structural, long-term growth potential across Europe. Growth is driven by rising consumer demand for plant-based protein, healthy and affordable nutrition, and more sustainable diets. From its location in Gelsenkirchen, Müller’s Mühle is also well-positioned to supply Euricom’s customers in neighboring countries, particularly in France.
The transaction also strengthens Euricom’s B2B raw materials division. In 2021, Müller’s Mühle commissioned a modern facility in Gelsenkirchen that specializes in the production of legume-based protein and starch flours. These raw materials help food manufacturers transition their recipes to include a higher proportion of plant-based proteins and complement Euricom’s existing portfolio of rice- and grain-based ingredients for the food industry.
The acquisition is in line with Euricom’s long-term growth strategy, which focuses on organic growth and complementary acquisitions. It follows the acquisition of Ebly in France earlier this year, through which the company gained a leading production facility for ready-to-heat rice and grain pouches as well as pre-cooked wheat products. Previously, Euricom had already acquired Sonko, a leading provider of healthy grain-based snacks in Poland. Through the integration of Müller’s Mühle, Euricom customers across Europe will gain access to an even more comprehensive product portfolio. This ranges from legumes, rice, and other grain products to ready-to-heat pouches, healthy grain-based snacks, and B2B raw materials. This extensive offering is made possible by local teams and production facilities in seven European countries.
Comments on the Acquisition
Bruno Sempio, Chairman of the Board of Directors at Euricom, explains: “We are very pleased to welcome the Müller’s Mühle brand and its team to the Euricom family. Müller’s Mühle offers us what we’ve been missing in Germany: an established team, a competitive location, and a brand familiar to several generations of German consumers. This expands our offering in the legume category, in which we have long-term confidence, and adds a modern production facility for legume-based ingredients to our portfolio. This will help our industrial customers accelerate their transition to plant-based formulations. We look forward to building on Müller’s Mühle’s tradition together with its team. We thank the GoodMills Group for the trust it has placed in Euricom as the new owner of Müller’s Mühle.”
Gunnar Steffek, Managing Director of the GoodMills Group, comments: “Euricom is an ideal new owner and partner for Müller’s Mühle. The combination of established German brands, our team’s expertise, and Euricom’s strengths creates real added value, both for Müller’s Mühle’s brands and for our customers.”
Details of the Transaction
The transaction is subject to customary regulatory approvals and is expected to be completed by the end of 2026. Until then, Müller’s Mühle and Euricom will operate as independent companies. The terms of the transaction were not disclosed.
Galaet Limited served as Euricom’s exclusive financial advisor. Freshfields acted as Euricom’s legal counsel. The due diligence review of Müller’s Mühle was conducted by EY in the areas of finance, taxes, IT, and human resources, and by ERM on environmental matters.
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.
Other news from the department business & finance
