Integrated veal producer the VanDrie Group, based in Mijdrecht, is taking over the Uddel-based Alpuro Group, the company announced.
The Van Drie family and the management of the Alpuro Group have reached an agreement for the bid. The move means the Netherlands will maintain a strong position in the European veal market and continue to meet demand from international buyers.
The VanDrie Group and the Alpuro Group are trying to secure the necessary approvals for the agreement in principle as soon as possible, which includes approval from the competition authorities. In the meantime, it will be business as usual for the divisions of the Alpuro Group. The transaction is expected to be completed in the first half of 2010. The VanDrie Group does not anticipate the transaction to have any negative consequences for the employment of the Alpuro Group's workforce. With this takeover, the Dutch VanDrie Group will strengthen its position in the European market.
The VanDrie Group consists of 19 companies based in the Netherlands, France, Italy, Belgium and Germany. It processes about 1.4 million calves annually, and its turnover is around €1.6 billion. The Alpuro Group has branches in the Netherlands and Italy. Its annual turnover is around €240 million.
Source: VanDrie Group