Germany: Dr. Oetker to acquire Kathi

Food manufacturer Dr. Oetker has announced that it has signed a contract to acquire Kathi, a fellow German company that makes baking products.

Founded in 1951, Kathi operates a production facility in Halle, Saxony-Anhalt, and offers a wide range of products including baking mixes, pastries, flour, frozen cakes and baking accessories.

Commenting on the move, Kathi managing director Marco Thiele said: “Against the backdrop of the persistently difficult economic conditions and a challenging market environment, we are delighted to have found a strong partner with whom we can position our family business for the future and ensure it is capable of innovation. We look forward to our future collaboration under the umbrella of the Oetker Group”.

Dr. Oetker spokesperson Carl Oetker added: “It will be a pleasure for us to welcome KATHI as a member of our group. As a family-run company, KATHI fits perfectly with the values, goals, and strategy of the Oetker family business”.

The financial terms of the deal were not disclosed.

Source: Dr. Oetker / Kathi