October 15, 2018
Chr. Hansen acquires dairy ingredient supplier Hundsbichler
Chr. Hansen has acquired the assets of Austrian-based ingredient supplier Österreichische Laberzeugung Hundsbichler GmbH, a move that will further expand the company's enzyme production and presence into the traditional segments of specialty cheeses, the company announced.
Hundsbichler products are widely recognised for their high quality, and this acquisition will enable Chr. Hansen to offer cheesemakers a second-to-none product portfolio in the animal rennet space.
The acquisition confirms Chr. Hansen's commitment to the traditional segment of animal derived coagulants for its customers in the cheese industry, the company said. The market for traditional and specialty cheese continues to develop, and the acquisition of Hundsbichler ensures that Chr. Hansen's Food Cultures & Enzymes business is well positioned to reap future growth opportunities.
"We're very proud to take on Hundsbichler's high quality products and will do our utmost to deliver the same exceptional service levels that the customers have been used to," said Chr. Hansen's senior commercial development manager, Michael Fooken Jensen, commented.
"Chr. Hansen was founded on the discovery of animal rennet in 1874 and therefore has a strong tradition and expertise in this field, and we therefore believe that we can create true value for our new customers."
Hundsbichler, founded in 1947 and headquartered in Langkampfen, Austria, is among the leading suppliers of animal rennet to the cheese industry. Key products include the BioRen® brand ranging from mainstream products to more specialised items used for production of typical, traditional cheeses.
Chr. Hansen said it sees a strong fit between its dairy business and Hundsbichler, which is expected to provide attractive opportunities for synergies within sales, including cross-selling, supply chain improvements and innovation.
Those synergies are expected to be achieved in the coming two years.
The assets of Hundsbichler was acquired for an undisclosed amount and comprises customers, products, trademarks and production equipment.
The acquisition will not impact the financial guidance of Chr. Hansen and will only have a minor impact on sales and earnings in 2018/19, according to the company.
- Chr. Hansen