With the takeover of Belgian Marco Polo and the selling of 50% holding in Maurer-Frères the Bell Group has modified its investment portfolio within the framework of its internationalisation strategy.
The takeover of Belgian trading company Marco Polo N.V. in Zellik near Brussels became effective on 31 December 2009. This acquisition will strengthen the distribution organisation in the Benelux countries. Marco Polo N.V. generates annual sales of some 60 million Euros, employs 35 people and is a specialist distributor of high-quality charcuterie products in the Benelux countries.
In France, the 50% holding in Maurer-Frères SA in Alsace has been sold to a private French investor. Further details of these transactions will be published within the scope of the annual report.
Source: Bell AG