08.07.2019

Hochdorf to focus on infant nutrition

 

The Hochdorf Group intends to concentrate on its infant nutrition division in the future. To this end, it will discontinue its cereals division and sell its production facilities in Germany.

Milk and cereals processing firm Hochdorf Group has announced that it will focus on its “fast-growing Baby Care division” in the future. However, its 51% subsidiary Pharmalys, which is also active in the infant nutrition sector, cannot be successfully managed “on a sustainable basis”, leading Hochdorf to “closely examine all strategic options” concerning its stake in that company.

The Cereals & Ingredients division will also be discontinued due to a “lack of critical size and scalability”, and its 90% stake in Hochdorf South Africa Ltd. will be sold soon to African Chocolate Café Ltd. Suitable alternatives for its subsidiaries Marbacher Ölmühle GmbH, Snapz Foods AG and Zifru Trockenprodukte GmbH will be evaluated by the end of the year.

Hochdorf intends to develop a new strategy for its Dairy Ingredients division, which includes integrating non-milk-based special spray productions and health supplements from its Cereals & Ingredients division. It also intends to sell its production plant in Germany in order to produce infant formula exclusively in Switzerland. To this end, it is currently involved in negotiations to sell the plant to Uckermärker Milch GmbH.


Hochdorf Holding Ltd



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Hochdorf to focus on infant nutrition