Uk’s morliny foods To Buy Germany’s Wolf Group

3 months ago

Morliny’s acquisition of nan Wolf Group “strengthens our strategical beingness successful Europe”, according to CEO Luis Cerdan.

UK-based nutrient group Morliny Foods has acquired German adjacent Wolf Group for an undisclosed sum.

Morliny Foods, owned by China’s WH Group, and produces cooked nutrient and poultry products. It operates successful 7 countries.

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Wolf Group has accumulation sites successful Schwandorf, Schmölln and Nuremberg. It has astir 1,800 employees.

In a associated statement, nan companies confirmed Wolf Group confirmed will proceed to beryllium led by Christian Wolf arsenic CEO and nan existing guidance squad successful nan “upcoming description phase”.

Mr Wolf said: “The business pinch Morliny Foods marks a caller shape successful our 100-year institution history.

“We spot galore opportunities for america successful Morliny’s maturation imagination and beardown world orientation, and successful this way, we want to toggle shape our institution into a unafraid position. Being portion of a beardown world web enables america to turn passim Europe.

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“At nan aforesaid time, we are creating nan basal conditions to beryllium capable to maestro these challenges successful nan early successful an highly difficult marketplace situation pinch rising costs and progressively fierce competition.”

Luis Cerdan, nan CEO of Morliny Foods, said Wolf Group “stands for quality, invention and sensation and a precocious level of user trust”.

He added: “The acquisition of nan Wolf Group strengthens our strategical beingness successful Europe – pinch maturation successful our nutrient products and convenience products business successful Germany. Together, we will build connected this beardown instauration and leverage Morliny’s strengths and world distribution web to proceed to grow.”

In July, WH Group struck an acquisition successful nan pet-food category successful Europe by snapping up Poland-based Pupil Foods.

It came aft nan group renamed its European arm, antecedently known arsenic Smithfield Europe, to Morliny Foods.

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