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PRESS RELEASE



Livingston, 10th September 2009


VION announces sale of Thai chicken operations



Following a strategic review of its international poultry activities VION Food Group Ltd today announced the sale of its Thailand chicken business, Grampian Foods Siam, to Navis Capital.


Commenting on the disposal, Ton Christiaanse, CEO, said, “Our strategic review identified that the Thai chicken operations did not form part of our core strategic model. We are pleased to have completed the successful sale of our Thai chicken business. This will now allow our management teams to concentrate on our farming and processing activities within the UK. The proceeds from the sale will allow for increased investment within our UK business with a focus on our poultry activities.”

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Note for the editors
For further information please contact:
Robert Smith, Group Communications Controller, VION Food Group Ltd
+44 (0)1506 400400
+44 (0)7785 502976
Rob.smith@vionfood.co.uk

 

 

VION Food Group Ltd, the UK arm of VION N.V., produces and processes high quality beef, lamb, pork, bacon and chicken as well as a wide range of convenience products such as sausages, cooked meats and added value cooked chicken. The UK operation has extensive facilities across the UK from farms and hatcheries to primary production, processing and packing, and supplies products according to customer and market demands. The business is primarily focused on the UK retail market but also includes important foodservice and wholesale clients within its portfolio.

VION N.V. is an internationally operating food company with two core activities Food and Ingredients. The company produces high-quality foods and ingredients for humans and animals. VION has an annual turnover of €9.6 billion and employs 35,500 staff worldwide. VION is a non-listed company and has a single agricultural shareholder: the Zuidelijke Land- en tuinbouworganisatie ZLTO [Dutch Southern Farmers and Market Gardeners Union] which has 18,000 members. VION’s head office is located in Son en Breugel, the Netherlands.


Navis Capital is an Asia-focused private equity firm with over $US2 billion of equity capital under management and a portfolio of over 30 companies. They already have significant poultry experience developed through the ownership of Bangkok Ranch (also based in Thailand), and one of the leading duck producers in the world.