Dr. Oetker, the German food firm, and Bavarian dairy company Molkerei Gropper have announced they are to join forces to invest in the manufacture of new refrigerated product lines.
The 50:50 joint venture will see Dr. Oetker contribute its chilled products plant in Moers to the new company, while Molkerei Gropper is to effect a capital increase in the same amount to be used to invest in buildings, infrastructure and new production facilities. Production will include goods from both partner companies which will be marketed in Germany as well as internationally via the firms’ respective sales companies.
Molkerei Gropper, which is primarily engaged in producing private label and co-packed desserts and dairy products, said the venture represented “an important milestone in its strategic company development”.
Martin Reintjes, Dr. Oetker head of sales, added: “In the new partnership, the two companies – which position themselves very differently in the market – will continue to produce their own products independently. But both companies strive for more efficiency in production which will be possible in the future by working together under the umbrella of an ultramodern production facility in Moers”.
The partnership is set to begin on 1st April 2018, subject to approval from German regulators.
Source: Dr. Oetker / Molkerei Gropper (via Life PR)
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