Danish Crown to take over German slaughterhouse Teterower Fleisch

Global meat processing company Danish Crown is planning to acquire Germany-based Teterower Fleisch to become the fifth-largest cattle slaughterhouse in the country.

Financial details of the deal have not been disclosed by either company.

Located in Mecklenburg-Vorpommern, Teterower Fleisch has an annual turnover of €150m and slaughters 110,000 cattle a year, nearly 20% of which are reported to be organic.

Teterower Fleisch president and Group CEO Jais Valeur said: “The German business ties in beautifully with Danish Crown’s new 4WD strategy.

“We want our beef division in particular to grow and to account for a larger share of Danish Crown’s total activities, while at the same time focusing more on organic products and value adding.”

Upon completion of the acquisition, the company intends to run Danish Crown Beef's existing slaughterhouse activities in Husum, north Germany, and the newly acquired business as an integrated unit.

Danish Crown Beef CEO Finn Klostermann said: “We are convinced that we can generate further growth by integrating the German business. We will have access to larger supplies of German raw materials, and the German company will be able to access Danish Crown Beef’s markets worldwide.”

Teterower Fleisch’s local management team will continue in their existing positions in order to maintain the company’s local connections, but they will be supplemented with resources from Danish Crown Beef.

---

Image: Danish Crown to acquire slaughterhouse in Germany. Photo: courtesy of Danish Crown.