The Italian company Newlat Food SpA announced its intention to take over the British company Princes, which is to be 1 of the largest transactions in the European food market. The value of this acquisition will be awesome £700 million, according to the service forhandlu.pl. The merger process has already been launched and the request for acquisition has been submitted to the Office for Competition and Consumer Protection (UOKiK).
Value of transactions and marketplace impact
The merger of Newlat Food SpA and Princes Limited aims to make a leader in the European food market. The gross of the combined companies is expected to be around EUR 2.8 billion and the revised EBITDA will scope around EUR 190 million. specified numbers show how large the possible lies in this transaction, which can importantly influence the power strategy of the food manufacture in Europe.
New name and global reach
After the transaction is completed, the fresh company will operate under the name “New Princes Group”. The recently formed group will have 31 production facilities worldwide, which will further strengthen its position on the global market. This is simply a immense step forward for both Newlat Food and Princes, who together will be able to compete better with another food giants.
Production of Wielkopolska Oil in Szamotuły
History and importance of the mill in Szamotuły
The British company Princes owns, among others, a mill in Szamotuły in Poland, where various plant oils are produced, including the well-known and valued Wielkopolska Oil. The plant in Szamotuły has been providing advanced quality products for years, which are highly recognized both in Poland and abroad. The acquisition by Newlat Food means that the production of Wielkopolska Oil will proceed and possibly even expanded, which could benefit the local economy.
Responses to acquisition
Simon Harrison, Princes' CEO, expressed his satisfaction with the planned transaction, stressing that Newlat shared assurance in the Group's strategical improvement plans and brand strategy. This shows that both sides see tremendous possible in this merger and are ready to cooperate for further development.
Princes – giant on the food market
Princes is 1 of the largest British food and beverage companies. The company has millions of consumers in the UK and Europe, and its products are known and appreciated for their advanced quality. Among the brands produced by Princes are Olivia, Masola, Flora or Trex, which shows a wide scope of offers of this company.
Future after the merger
The fresh “New Princes Group” has ambitious plans for the future. The synergies between the 2 companies will let for an even better usage of resources and technologies, which should benefit both consumers and shareholders. The acquisition will let further expansion of operations and strengthening marketplace position.
Formalities and acquisition process
Conclusion to the UOKiK
On 29 May 2024, a request for Newlat Food SpA to take control of Princes Limited came to UOKiK. This process is crucial for the finalisation of transactions as it requires the approval of regulators to take over. The UOKiK will analyse the impact of this merger on the marketplace and competition, which is simply a standard procedure for specified large transactions.
Consent of regulators
Obtaining consent from the UOKiK is only 1 step in the takeover process. Newlat Food SpA will besides gotta get approval from another regulators in the countries where Princes operates. It may take time, but it is essential for the transaction to take place.
The Future of Wielkopolska Oil
Development potential
The acquisition by Newlat Food S.p.A. opens up fresh improvement opportunities for the brand Olej Wielkopolski. With the support of the fresh owner it will be possible to increase production, innovate and grow outlets. This is good news for consumers who value this product for its advanced quality.
Investments and innovation
Nowlat Food SpA is known for its investment in modern technologies and innovations. So we can anticipate that the mill in Szamotuły will benefit from fresh technologies, which can improve production efficiency and product quality. It is besides an chance to make local suppliers and to increase employment in the region.
The acquisition transaction of Princes by Newlat Food SpA is 1 of the most crucial events in the European food marketplace in fresh years. The value of £700 million and the possible of creating a marketplace leader show how much possible lies in this merger. The production of Wielkopolska Oil by Italy proves that this brand is of large importance on the marketplace and will proceed to develop. The future is promising both for the fresh company "New Princes Group" and for consumers who can anticipate even better products.
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Oil Wielkopolska will be produced by Italians. The company is to be sold
