mikeruge logo small whitemikeruge logo small whitemikeruge logo small whitemikeruge logo small white
  • Home
  • Michael Ruge
  • Recommendations
  • Blog
Show all
0

Nestlé to Promote 60 % Stake of Herta and Create a Joint Enterprise With Casa Tarradellas

Published by Michael Ruge at December 30, 2019
Categories
  • Joint Venture
Tags
  • Joint Venture
  • Joint Venture Account
  • Michael E Ruge
  • Michael Ruge
  • Sharing Profit

VEVEY, SWITZERLAND
Monday, December 30th, 2019

A little over a week ago, we reported that Nestlé divested its ice cream business to Froneri after it sold its confectionary business to Ferrero. Earlier in April, talks swirled that the company was looking to part ways with Herta. Now, it looks like Casa Tarradellas won out on the bid, mostly—Nestlé finalized an agreement to sell 60 percent of its stake in Herta to Casa Tarradellas to create a joint venture.

“The Herta business has delivered strong performance over the past years and is well-positioned for future growth,” commented Marco Settembri, Executive Vice President, Chief Executive Officer Zone Europe, Middle East, and North Africa, Nestlé. “We are happy to have Casa Tarradellas as our partner, a family-run business that is a market leader in Spain for pizza, fresh dough, and charcuterie. Both companies have a true passion for quality and innovation and are proud to be in a joint venture to provide our consumers with great ingredients for their daily meals.”

According to the press release, Nestlé will hold 40 percent of the company while Casa Tarradellas controls the other 60. As part of the agreement, Casa Tarradellas will now take over the Herta charcuterie (cold cuts and meat-based products) and dough side, while Nestlé will retain and develop its existing Herta vegetarian business.

Nestlé has agreed to sell 60 percent of its stake in Herta to Casa Tarradellas to create a joint venture

Operations will continue to be managed by the existing local Herta businesses in France, Germany, Belgium, and the United Kingdom, while the joint venture will be incorporated in Spain. This deal will ensure the continuity of production sites and the current structure of the business, including its employees.

Will we see more divestments coming from Nestlé? Keep reading Deli Market News as we report on the latest.

Michael Ruge
Michael Ruge

Related posts

January 2, 2021

Wizz Air joint venture begins flights to Larnaca from Abu Dhabi


Read more
December 30, 2020

Joint Enterprise Takes on San Diego I-5 Undertaking : CEG


Read more
December 27, 2020

Reliance to purchase out IMG Worldwide from sports activities administration joint venture


Read more

Comments are closed.

Tags

All Ways Solutions AllWaysSolutions.com Bank Account Branding Business Business Marketing Consignment Consultant Consultanting Corporate Record Center Corporate Records Center CRC Deal Making Entrepreneur File Storage Joint Venture Joint Venture Account Make a Deal Marketing Market Research Michael E Ruge Michael Ruge Negotiation Negotiations Record Management Records-Management Records-Management Solutions Record Storage Self Storage Sharing Profit Storage Storage File Experts StorageFileExperts.com Target Markets

Michael Ruge Duncan BC

© 2023 Michael Ruge. All Rights Reserved
Web Development by JustLuvIt
Michael E Ruge | Michael Ernst Ruge | All Ways Solutions | Ruge Charities