Meggle acquires German cheese company from Sodiaal

By Jim Cornall contact

- Last updated on GMT

Meggle said the acquisition sustainably strengthens its cheese product segment. Pic: Meggle
Meggle said the acquisition sustainably strengthens its cheese product segment. Pic: Meggle

Related tags: Cheese, M&A

German dairy company The Meggle Group GmbH, headquartered in Wasserburg am Inn, has acquired Stegmann Emmentaler Käsereien GmbH from French dairy cooperative Sodiaal.

Meggle said the acquisition sustainably strengthens its cheese product segment.

"With Meggle and Stegmann, two Bavarian companies with a long and successful history are coming together. We will bundle our competences, make investments and use the great potential. Our shared mentality and cultural proximity to the Allgäu are a decisive advantage, as is Meggle's historical connection to cheese,"​ Matthias Oettel, CEO of Meggle Group said.

Käserei Stegmann most recently achieved a turnover of around €120m ($141m).

It currently employs around 200 people at its sites in Kempten and Altusried.

Late last month, Sodiaal bought a 51% controlling interest in Yoplait S.A.S. from General Mills, as well as giving General Mills full ownership of the Canadian Yoplait business and a reduced royalty rate for use of the Yoplait and Liberté brands in the US and Canada.

The takeover is subject to approval by the cartel authorities.

Related topics: Manufacturers, Cheese

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