February 16, 2010

Denmark's pork processor expands in Germany


The Danish Tulip Food Company which produces food products such as bacon, sausages and ready-meals has bought Germany's Nietfeld Group on January 1, 2010.

It is unclear how much Tulip, part of the Danish Crown Group, has paid for the take-over.

Nietfield has 238 employees and a turnover of approximately EUR58 million (US$79.2 million). Tulip has about 2,000 employees and an annual turnover of EUR700 million (US$956 million).

Tulip chairman Flemming Enevoldsen was quoted to say: "Both companies are a perfect fit. Both have a good name, based on high-quality products and excellent customer contact."

All 238 employees can stay - and an expansion of the Dinklage plant is planned. Tulip had already production plants in Schüttorf and Oldenburg, both in the West of the country. There are also two more contract companies in the cities of Düsseldorf and Kiel.

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