Switzerland-based the Coop Group has announced its intent to further its investment in Bell Food Group, a diversified food company and Switzerland’s largest poultry producer.
According to a press release, the Coop Group wants to increase its ownership in Bell Food Group to exceed 66.67% of Bell’s shares. The Coop Group further stated that it considers now to be an ideal time to increase its shares in Bell, in order to benefit from the company’s success. However, there is no intention for a takeover or delisting of the food company, which is traded on the Swiss stock exchange.
About Bell Food Group
Bell Food Group is one of the leading processors and convenience food specialists in Europe, with a product range that includes meat, poultry, charcuterie, seafood and vegetarian productthe Coop Group has announced its intent to further its investment in Bell Food Group, a diversified food company and Switzerland’s largest poultry producer.s. Its brands include Bell, Eisberg, Hilcona and Hugli.
It has fully integrated broiler operations in Switzerland and Austria, as well as turkey operations in Germany. In its most recent annual report, the company revealed that during 2021, the company’s international division, which includes Austria and Germany, that sales of organic poultry products increased 17%.
In 2021, the company announced its intent to acquire Arytza Switzerland’s sandwich business, and that those employed by Arytza would be retained. Details of that transaction were not disclosed.
According to the WATTPoultry.com Top Companies survey, Bell Food Group ranks among Europe’s top 65 broiler producers, having slaughtered 25.5 million chickens during the past year.
About the Coop Group
The Coop Group operates in the retail, wholesale and production sectors. In the retail sector, it operates exclusively in Switzerland, but in the wholesale and production areas, it is active throughout Europe. As its name indicates, the Coop Group is a cooperative, with more than 2.5 million cooperative members. It is governed by a 10-member board of directors.
