Tönnies Group to acquire the German beef activities from Vion.

Tönnies Group, a German family business in the meat industry that operates internationally, agreed to acquire the German beef activities from Vion, a producer of meat, meat products and plant based alternatives. Financial terms were not disclosed. “This anticipated transaction is a significant step in Vion’s strategic realignment. We promised to secure the most capable partners to ensure prosperous future development for the businesses to be divested and we also promised to increase our investments in the retained businesses. We now take another step in fulfilling our commitments. We are confident that Tönnies Group will provide the support and focus needed for continued growth and success,” Ronald Lotgerink, Vion CEO.