01.11.2017 – 07:04

HOCHDORF Holding AG

EQS-Adhoc: HOCHDORF Group Press Release: Takeover of Zifru and Snapz

EQS Group-Ad-hoc: HOCHDORF Holding AG / Key word(s): Takeover
HOCHDORF Group Press Release: Takeover of Zifru and Snapz

01-Nov-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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HOCHDORF strengthens its position in Cereals & Ingredients

Hochdorf, 1. November 2017 - HOCHDORF Holding Ltd has signed purchase agreements
for the acquisition of Zifru Trockenprodukte GmbH, Zittau, and the Snapz brand.
With both acquisitions, HOCHDORF is expanding its product portfolio in its
Cereals & Ingredients division and purchasing a children's food brand
established in the USA and Europe. The acquisition will be completed by the end
of October 2017.

The HOCHDORF Group is building its strategy on two cornerstones: forwards
integration and the development and marketing of new products with high added
value. The purchase of Zifru Trockenprodukte GmbH and the takeover of the Snapz
brand strengthens the company's Cereals & Ingredients division in the area of
healthy children's nutrition, in line with the HOCHDORF strategy.

Supplementary Kids' Food products
The Cereals & Ingredients division is already active in developing and selling a
range of products related to healthy nutrition for children. With the takeover
of the production company Zifru Trockenprodukte GmbH, it will extend its product
range to include dried vegetables and fruit. Zifru products have been
commercialized for several years in Europe and the USA under the Snapz brand.

The company's production plant in Zittau will be expanded with additional
technologies to enable it to offer a comprehensive Kids' Food range to the
global marketplace.

"We have been able to obtain purchasing, production and marketing experience
with the acquisition of Zifru and the Snapz brand," explains Michael Burla,
Managing Director of Cereals & Ingredients at HOCHDORF. Mr Burla is confident
that the integration of Zifru and the Snapz brand will provide an optimal
foundation for producing and marketing healthy children's snacks.

The acquisition was completed at the end of October 2017. The parties agreed not
to disclose the purchase price.

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=PULDKHDGJL
Document title: HOCHDORF: Takeover of Zifru and Snapz
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End of ad hoc announcement------------------------------------------------------
--------------------------Information and Explanation of the Issuer to this
News:


About the HOCHDORF Group
The HOCHDROF Group, based in Hochdorf, achieved a consolidated gross sales
revenue of CHF 551.5 million in 2016. It is one of the leading foodstuff
companies in Switzerland, employing 630 staff as of 31.12.2016. Made from
natural ingredients such as milk, wheat germ and oil seeds, HOCHDORF products
have been contributing to our health and wellbeing since 1895 - from babies to
senior citizens. Its customers include the food industry and the wholesale and
retail sectors. Its products are sold in over 90 countries. Additional
information: www.hochdorf.com.

About Zifru Trockenprodukte GmbH
Founded in 1997, Zifru Trockenprodukte GmbH specialises in developing and
producing healthy, long-life fruit and vegetable products. The fruit and
vegetable pieces are dried using state-of-the-art microwave vacuum technology.
The drying plant is one of the largest of its kind in the world. The gentle
drying technology retains the valuable and healthy components of the fruits and
vegetables.

Snapz
A wide range of dried fruit and vegetables are marketed under the Snapz brand -
Organic & FUNctional snacks. These healthy food products for children are sold
in the USA and Europe.

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Language: English

Company:  HOCHDORF Holding AG

          Siedereistrasse 9

          6281 Hochdorf

          Switzerland

Phone:    +41 41 914 65 65

Fax:      +41 41 914 66 66

E-mail:    hochdorf@hochdorf.com

Internet: www.hochdorf.com

ISIN:     CH0024666528

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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618731  01-Nov-2017 CET/CEST