SWITZERLAND, Basel. The European Competition Commission has given its unconditional approval for the acquisition of the Huber Group by Bell Ltd. This clearance means that all conditions for the definitive completion of the takeover are fulfilled.
The Huber Group is fully consolidated in the Bell Group from 1 March 2016 onwards. Bell announced its plans to take over the Huber Group on 16 December 2015.
About the Huber Group
The Huber Group is a specialist for top-quality poultry and has a strong market position in Austria and Germany. The Huber Group comprises the Austrian market leader Hubers Landhendl in Pfaffstätt, Austria, the turkey specialist Süddeutsche Truthahn AG in Ampfing, Germany, the Schlierbach hatchery and the logistics company Frisch Express. Some 900 employees generate annual revenues of € 300 mill. The Huber Group applies an integrated production model and has more than 400 agricultural enterprises under contract.
The Bell Group is one of the leading meat processors and manufacturers of convenience products in Europe. Its range of products includes meat, poultry, charcuterie, seafood and convenience products. With the brands Bell, Abraham, ZIMBO, Môssieur Polette and Hilcona, the Group meets a diversity of customer needs. Bell counts the retail and wholesale trade, food service sector and food processing industry among its customers. Some 8,000 employees generated consolidated sales of CHF 1.3 bill. in the first half of 2015. Bell is listed on the Swiss stock exchange.