NIBC supports Sprehe spread its wings in German poultry marketCorporate News -
With its acquisition of poultry processor Bernard Matthews Oldenburg (BMO), Germany’s Sprehe Gruppe has strengthened its leading position in the German poultry market. NIBC acted as financial advisor to Sprehe and provided financing for the transaction.
NIBC has been a reliable and trusted financial partner to Sprehe since 2014. Our track record in the German agri-food sector, and in particular our ongoing coverage of the animal protein sub-sector, provided a deep insight into the potential synergies during the advisory phase.
BMO is an excellent fit with Sprehe and will contribute significantly to the company’s overall position in the meat processing market. Family-owned Sprehe is already a leading supplier of fresh and deep-frozen meat products as well as convenience food in Germany. Its diverse portfolio includes chicken, turkey and pork products.
BMO is an independent subsidiary of UK-based Bernard Matthews Foods, one of Europe’s largest poultry producers. It supplies cold cuts and frozen poultry products to German supermarkets and industrial customers.
The BMO portfolio will add scale to Sprehe’s operations and lead to cost savings and optimisation of its production processes and net working capital.