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 SchÃ¼ttorf and Oldenburg, both in the West of the country. There are also two more contract companies in the cities of DÃ¼sseldorf and Kiel.