Oetker To Acquire Local Baking Peer Kathi

Credit: this_baker/Shutterstock

German nutrient shaper Oetker Group has struck a woody to get section baking mixes and flours shaper Kathi. 

The financial position of nan woody were not disclosed.

Founded successful 1951, family-owned Kathi has a accumulation installation successful Halle, successful nan authorities of Saxony-Anhalt. It employs 90 people.

Explaining nan rationale down nan acquisition, Oetker told Just Food Kathi had a beardown beingness successful eastbound Germany and nan woody would thief nan institution grow further into nan region.

Kathi sells much than 50 baking products, pinch its scope including mixes for sponge cake, consequence barroom and muffins, arsenic good arsenic ready-to-bake pizza dough. It besides produces a statement of ready-to-eat pastries and stiff cakes.

Following nan transaction, Kathi will proceed to beryllium managed nether nan aforesaid leadership, pinch MD Marco Thiele starring nan business.

“In ray of nan ongoing difficult economical conditions and a challenging marketplace environment, we are very pleased to person recovered a beardown partner pinch whom we tin group up our family business successful a future-proof and innovative way. We look guardant to moving together nether nan umbrella of nan Oetker Group,” Thiele said.

“Kathi’s business will not change, we will proceed to beryllium a reliable, precocious performing, and innovative partner for our customers and our consumers.”

Carl Oetker, a personnel of nan group guidance of nan Oetker Group, said: “It will beryllium a pleasance for america to invited Kathi arsenic a personnel of our group. As a family-run company, Kathi aligns perfectly pinch nan values, goals and strategy of nan family-owned institution Oetker.”

In March, nan Oetker group of family-owned businesses is undergoing a guidance reshuffle, which will efficaciously spot nan assignment of caller heads of nan nutrient and beverages divisions.

The changes revolved astir Dr Albert Christmann, who stepped down arsenic nan “general partner” of Dr August Oetker KG and from nan group guidance squad of nan Oetker Group successful May.

Carl Oetker, nan great-great-grandson of nan Germany-based company’s laminitis Dr August Oetker, replaced Christmann arsenic executive committee chair.

Dr August Oetker KG is nan holding institution of nan Oetker Group, which includes 3 business divisions: food; brew and non-alcoholic beverages; and hotels and “other interests”.

In turn, nan cardinal portion of nan nutrient section revolves astir Dr August Oetker Nahrungsmittel, which includes nan stiff pizza marque of nan aforesaid sanction and a scope of location baking products, arsenic good arsenic nan Chicago Town pizza brand.

The nutrient section besides includes nan Coppenrath & Wiese confectionery unit, which produces stiff cakes and pies chiefly for nan German market.