Germany: Competition Authority allows acquisition of The Family Butchers by Premium Food Group

The Federal Cartel Authority has approved the plan of Tönnies International Management GmbH, part of the Premium Food Group (PFG), to acquire exclusive control and a majority stake in IFF Ventures GmbH & Co. KG (IFF). IFF is the owner of The Family Butchers Group, which, like PFG, operates in the production of sausages and cured meats. PFG generated sales of 7.3 billion euros worldwide and 4.1 billion euros in Germany in 2023. According to its own statements, this made it the largest supplier of food to the German food retail sector. The company group based in Rheda-Wiedenbrück is a family business specializing in the slaughter and butchering of pigs and cattle, the utilization of slaughter by-products, and the production of meat products based on pork, beef, and poultry. Together with the Zur Mühlen Group, which is part of the group, PFG is the largest sausage manufacturer in Germany. The Family Butchers with combined sales of around 700 million euros across all its product areas ...