Firms Foppen and Klaas Puul to be merged and to create a new company. (Photo: Stock File)
Foppen and Klaas Puul agree on merging and create new firm
Tuesday, June 12, 2018, 23:30 (GMT + 9)
Shareholders of salmon processor Foppen Groep B.V. and of shrimp firm Klaas Puul Beheer B.V. reached an agreement to merge the two firms and create a new company, Dutch Seafood Company.
"The merger of these two wonderful organisations will provide us with a stronger market position and it allows us to serve our clients even better. By applying and implementing all our expertise and experience into our processes, we can respond even better to the market requirements and opportunities", the merger CEO André van de Padt pointed out.
In this regard, Jan Foppen, his group’s CEO, welcomed the merging as a way of gaining access to a diverse range of products on the global market.
Sander van den Berg, CEO of Klaas Puul, explained that their new production facilities for shrimp processing in Volendam and Edam offer the combination of flexibility and additional production capacity which will, in turn, create scope for a further development of their product and client portfolio on both a national and international level.
The management boards expect to finalise the merger completely in August 2018, subject to the approval of the works council of Klaas Puul and the Authority for Consumers & Markets, and to continue under the name 'Dutch Seafood Company'. All employees, clients, and stakeholders have now been informed about this intended decision.
Foppen is a leading salmon smoker with headquarters in Harderwijk and production sites in the Netherlands and Greece. The company, which was founded in 1918, is known for its innovations, high product quality and front-runner position in the United States, obtained a turnover amounting to EUR 150 million in 2017.
Klaas Puul is a leading shrimp processor with headquarters in Volendam, the Netherlands and production sites in the Netherlands, Germany, Denmark, and Morocco. The company was founded in 1968 and in 2016, H2 Equity Partners invested in the firm, which allowed the company to build new state-of-the-art production facilities. Las year, the firm invoiced about EUR 175 million.