The transaction is in line with Cosun’s strategic priorities and the previously announced partnership strategy for SVZ. Cosun has found a good partner for SVZ in the Döhler Group, who building on the excellent development of recent years, can give an impulse to the further development of the company and its employees.
With this transaction, Cosun brings more focus to its portfolio and is committed to further acceleration in the four growth areas as laid down in its Unlock 25 strategy. From a strong position in arable crops and co-products, Cosun focuses on profitable growth, a sustainable chain and future-proof returns.
For this transaction, Works Council advice and approval from the Dutch competition authority is requested. Closing is expected to take place on August 31, 2023.
About Royal Cosun
Royal Cosun is a leading international cooperative and agri-food company, owned by 8.400 farmers, that has created high-quality plant-based products since 1899. Together with its partners, Cosun unlocks the full potential of plants to create smart sustainable solutions for current and future generations, such as plant-based foods and ingredients, biobased non-food applications and sustainable energy. In doing so, Cosun helps to mitigate the effects of climate change and stimulates a sustainable lifestyle. The business groups Aviko, Cosun Beet Company, Cosun Protein, Cosun Biobased Experts, Duynie Group, Sensus and SVZ are part of Royal Cosun. In 2023, around 4,500 employees worked on the development and production of plant-based solutions, resulting in a combined annual turnover of €3 billion. For more information, visit www.cosun.com.
For further information, please contact:
Royal Cosun
Corporate communication | Royal Cosun
Tel: +31 (0)76 5303 313
E-mail: corporate.communication@cosun.com