Restructuring gains momentum

Posted 15 January, 2003
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GERMANY – Campina has sold two of its German subsidiaries this month as part of rapid consolidation in the European dairy sector.

Based in Heilbronn, Campina’s German outfit has sold its cool chain distribution company Frischdienstzentrale Berlin und Brandenburg to food supply and transport specialist Agro Handelsgesellschaft Schwarzenbek.

Campina sold the catering supply company HGS at the beginning of January to a Edeka Mios, the wholesale subsidiary of European supermarket chain Edeka. It is Edeka Mios’ third major purchase in the past few months.

Campina has said that the sales are aimed at concentrating on core activities. This includes the development, manufacture and marketing of dairy products.

Recent purchases by Campina have captured an extra 8.6% of the German fresh dairy product market including a 20.4% share – and German market leadership – of dairy dessert sales.