Vion sells shares in two German meat sites
Vion Food has signed an agreement to sell its shares in the Vilshofen and Landshut sites to Erzeugergemeinschaft Südbayern (EG Südbayern), which previously held a 49% stake in these sites.
The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.
Vion’s remaining German operations are still under strategic review and will continue as normal until further decisions have been made, according to the company.
At the start of this year, Vion closed its German meat plant and divested its beef slaughterhouse and pre-packing facilities. In line with recent moves, the company has announced a comprehensive package of measures for 2024, focusing on sustainability.
The company announced a sharpened focus on production and sourcing in the Benelux region, including potential changes in its operational structure.
“With this agreement, Vion is taking an important step in its pursuit of a stable and sustainable future for its German sites. This decision is rooted in our long-standing partnership with EG Südbayern. We’re confident that both sites will continue to be successful under their full ownership and add value to the regional food production and supply,” says Ronald Lotgerink, CEO of Vion.
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