VION and CTH enter into joint venture
VION subsidiary Sonac has entered into a joint venture partnership with Combinatie Teijsen van den Hengel (CTH). CTH is responsible for the processing and sale of natural sausage casings and slaughterhouse by-products. The company has production sites in Belgium, Germany, the Netherlands, Poland, Portugal, Spain and China. The head office is located in Almere, the Netherlands. CTH employs a workforce of 500 people.
VION N.V. is an internationally operating food group that produces high-quality foods and ingredients for humans and animals. The group consists of three internationally operating divisions: Ingredients, Fresh Meat and Convenience. VION has an annual turnover of more than Euro 7.4 billion and provides employment to 15,150 employees worldwide.
PhiDelphi acted in this transaction as advisor to CTH.