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Germany's Krüger Group buys Swiss sweetener business.

Authors :
Mathieu, Henry
Source :
Aroq - Just-Food.com (Global News); 7/16/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

German food and beverage manufacturer Krüger Group has acquired Switzerland-based sweetener business Hermes Süssstoff from pharmaceutical company Klosterfrau. The financial details of the acquisition were not disclosed. Krüger Group will gain brands such as Hermesetas, SteviaSweet, and Assugrin, with Hermesetas being the market leader in northern Europe and having a strong international presence. The transaction has already been completed, and Krüger Group's business operations will continue unchanged. Krüger Group is a multinational company with various brands in the food and beverage industry, including chocolate products, coffee, infant nutrition, and sports nutrition. Last year, the company generated approximately €2.5bn ($2.72bn) in sales. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Aroq - Just-Food.com (Global News)
Publication Type :
Report
Accession number :
178457771