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PRESS RELEASE
Ter Beke ends talks on acquisition of Normandie Plats Cuisinés
Waarschoot, 29 May 2007
On 16 February 2997, Ter Beke announced that it studied the possible acquisition of the French company Normandie Plats Cuisinés for its ready meals branch FreshMeals.
On the basis of various findings of the due diligence investigation, the board of directors of Ter Beke decided not to further pursue this acquisition.
Ter Beke will realise on short term the necessary investments to increase the production capacity of its existing sites in order to further strengthen its European leadership position in fresh lasagne.
For further information, please contact:
| Media Dirk Van de Walle Managing Director Telephone: Tel. + 32 (0)9 370 13 17 E-mail: Dirk.vandewalle@terbeke.be |
Investor Relations Dirk De Backer Secretary General Telephone: +32 (0)9 370 12 21 E-mail: dirk.debacker@terbeke.be |
TER BEKE IN BRIEF
Ter Beke (Euronext Brussels: TERB) is an innovating Belgian fresh foods group,
selling its range of products in 10 European countries. The group has 2 core
activities: processed meats and fresh ready meals; it has 9 industrial
establishments in Belgium, the Netherlands and France and employs circa 1,700
people.
Processed Meats Division: Ter Beke-Pluma NV
- Manufacturer of fine processed meats for the Benelux and paté for Germany and the United Kingdom
- 5 production plants in Belgium (Wommelgem, Waarschoot, Marche-en-Famenne, Herstal and Ruiselede) and 3 centres for the slicing and packaging of processed meats, 2 of which are in Belgium (Wommelgem and Veurne) and 1 in the Netherlands (Milsbeek)
- Innovating in the segment of pre-packed processed meats
- Distribution brands and own brand names L´Ardennaise, Daniël Coopman and Pluma
- Circa 900 employees
Ready Meals Division: FreshMeals NV
- Manufacturer of fresh ready meals for the European market
- Market leader in fresh lasagne in Europe
- 3 manufacturing plants, 2 of which are in Belgium (Wanze and Marche-en-Famenne) and 1 in France (Alby-sur-Chéran)
- Brand names Come a Casa, Pronto and Vamos, besides distribution brands
- Circa 800 employees