Bell Food Group To Finalise Acquisition Of Hilcona
The Bell Food Group has announced it is finalising its full takeover of Hilcona, following unconditional approval from competition authorities.
The Swiss food group, which produces meat and seafood products, announced its intention to acquire Liechtenstein-based Hilcona at the end of May.
At the time, Bell reported that the new ownership structure would allow for a simplified management organisation, and ‘lay the foundation for further expansion and growth’.
The transaction will be executed retroactively to 2 January 2017.
Last month, the group reported that its sales revenue grew by 7.3% to CHF 1.73 billion in the first half of 2017, largely due to continued acquisitions, including Geiser, Cher-Mignon, and Austrian poultry specialist Hubers.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.