Vion sells German slaughterhouse to ABP Food Group

Vion Food Group has agreed to merchantability different nutrient installation successful Germany arsenic portion of the Dutch group's exit from the country.

The woody for the slaughterhouse successful Buchloe has been struck with Ireland-based ABP Food Group. The Buchloe tract handles astir 90,000 cattle annually and has a workforce of astir 270, according to a statement.

Financial presumption of the transaction were not disclosed.

Vion said the woody provides a “strong foundation” for the aboriginal of the Buchloe site, portion securing “reliable marketplace access” for farmers and customers.

“Throughout the process, ABP has shown wide and accordant commitment, reinforcing assurance that the tract volition beryllium successful susceptible hands,” the connection read.

Vion CEO Tjarda Klimp said: “Buchloe is located successful 1 of Bavaria’s strongest livestock regions and has a long-standing relation successful the determination proviso chain. ABP arsenic the imaginable caller proprietor is good positioned to physique connected these strengths and further make the site.”

The divestment of the Buchloe installation follows the April merchantability of Vion’s Crailsheim and Waldkraiburg locations, marking the latest section successful the group’s phased withdrawal from the German market.

Vion began closing nutrient assets successful Germany successful 2023 and a twelvemonth aboriginal announced plans to exit the German marketplace entirely.

Vion said the projected transaction with ABP Food Group has been arranged arsenic an plus deal.

The institution added that Buchloe volition proceed moving arsenic mean until the merchantability is completed.

During that period, Vion volition support existent proviso chains successful place, support relationships with suppliers and customers, and proceed to conscionable its existing obligations.

Completion of the woody is babelike connected antitrust clearance, regulatory approvals and different closing conditions.

In February, ABP Food Group said it was assessing astir 230 imaginable occupation cuts astatine its cutting and deboning works successful Waterford.

In January, the institution had announced it would adjacent its Co. Tyrone tract successful Linden, located connected the Granville Industrial Estate successful Dungannon, with the nonaccomplishment of 338 jobs.

ABP Food Group said astatine the clip the determination was based connected adapting to “trading conditions and marketplace trends”, on with the request to consolidate.

"Vion sells German slaughterhouse to ABP Food Group" was primitively created and published by Just Food, a GlobalData owned brand.

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