Agrial Continues Strategic Expansion With German Dairy Acquisition
Agrial, the French farming and food co-operative, is continuing its quest to create value for its dairy farmer members by acquiring German company Rotkappchen Peter Julich Group, a specialist in cow’s and goat’s milk cheeses. The acquisition of Rotkappchen Peter Julich Group, which owns three famous brands in Germany, furthers the growth strategy of Eurial, the dairy division of Agrial, focused on developing strong brands and important territorial positions in Europe.
A family-owned German based company in Dortmund, Rotkappchen Peter Julich Group operates a production site at Lumpzig (near Leipzig) and it posted consolidated sales of €40 million in 2017. The acquisition is expected to be completed in January 2019, subject to approval by the German Competition Authority.
According to Olivier Athimon, chief executive of Eurial: “This investment in Germany is directly in phase with our projects in Italy and Spain, bolstering our international development first and foremost with a stronger presence in Europe. Finding a partner who is present on the cow’s and goat’s cheese markets is a real advantage for Eurial’s development in Germany.”
