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Vion finds new buyer for large German slaughterhouse
Vion has following the announced sale of the locations in Crailsheim and Waldkraiburg A buyer has now also been found for the cattle slaughterhouse in Buchloe, Bavaria. The Irish family business ABP Food Group is taking over the operations, subject to approval by the German regulator.
The production site in Buchloe processes approximately 90.000 cattle annually and employs about 270 people. This makes it one of the largest cattle slaughterhouses in Europe, situated in an area with a high concentration of cattle. Primarily Fleckvieh is slaughtered, which is raised by many dairy farmers in southern Germany.
The sale does not come as a surprise, as Vion had already announced that there was significant interest in this location and that it was looking for the best possible partner. That partner turned out to be ABP, an Irish company with an annual turnover of over €5 billion. In addition to locations in Ireland, the company is also active in the UK and on the European mainland, including the Netherlands. In 2021, it also acquired Groothedde Vaassen, a wholesaler of beef and pork.
CEO Tjarda Klimp indicates that another buyer has been found. "This third agreement is the result of a careful and complex process." The German regulator is expected to give its approval for the deal within a few months.
After a delay at the beginning, the German gets exit strategy Vion is now taking considerable shape with the sale of three locations in a short period. Vion is still exploring options for locations in Memmingen and Eching-Weixerau, where leather is produced from hides.
Wouter Job
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