Apetito AG / Netherlands

Group sells subsidiary Bonfait

The subsidiary Bonfait goes to the Dutch Van Loon Group.
The subsidiary Bonfait goes to the Dutch Van Loon Group.

Rheine-based Apetito AG sells its subsidiary Bonfait B.V. to the Dutch Van Loon Group. Bonfait produces chilled meals for food retailers and wholesalers. All employees will be taken over by the new owner, and the production site in Denekamp, the Netherlands, will be retained, Apetito reports. No details were given on the selling price.

The sale follows strategic considerations of the Apetito AG Group to focus even more on its core business in the future - offering frozen food products and systems for international markets.

The Van Loon Group is a successful Dutch family business in the meat industry based near Eindhoven. With the takeover, the Van Loon Group intends to broaden its strategic position and expand its range to include chilled meals. Bonfait is to remain an independent unit within the Van Loon Group. The proposed transfer is subject to approval by the Consumer and Markets Authority (ACM) and consultation with the works councils of the Van Loon Group and Bonfait.

Continuing to operate in the Netherlands

Apetito AG has been advised in the process by Rabobank, VRIMAN M&A Lawyers and PwC. With its Dutch subsidiary Apetito B.V. which offers frozen meals for communal and individual catering, the family-owned company continues to be represented on the Dutch market.