17 March 2015
Nordzucker enters into partnership with August Töpfer Zuckerhandels GmbH & Co. KG
Nordzucker AG, Braunschweig, and August Töpfer Zuckerhandels GmbH & Co. KG, Hamburg, are planning to build upon their existing customer relationship before the expiry of the quota system in 2017.
In conjunction with this, both parties intend to grant Nordzucker AG a 25 percent share in August Töpfer Zuckerhandels GmbH & Co. KG. Newly founded in 2014, August Töpfer Zuckerhandels GmbH & Col. KG is a subsidiary of the ATCO Group, in which the international sugar trading business as well as the trade and packaging of sugar specialities has been bundled under proven leadership.
Nordzucker CEO Hartwig Fuchs outlines the commitment with particular regard to 2017: “It is extremely important for us to be able to improve our access to the global market, without the partners losing their independence amid commercial activities.”
For Robert Ernst, Managing Director of ATCO, the strategic directions of both companies fit very well together: “With Nordzucker as a partner, we want, in particular, to be able to utilize the opportunities which arise from prospects in the export markets and thus continue to grow in the future.”
The German competition authorities are currently checking the request from the two companies.
The Nordzucker Group, based in Braunschweig, is Europe’s second-largest sugar producer. The Group also produces bioethanol and animal feed from sugar beet. Eighteen production and refinery facilities across Europe form the technical, logistical and geographic basis for continued success. The Group’s 3,300 employees strive towards providing excellent products and services.
More at: www.nordzucker.de
Based in Hamburg, ATCO is a global trading firm in the food / non-food sector and offers its customers everything from a single source: import, storage, packaging and logistics. The company currently employs almost 400 members of staff. Sugar, salt, malt and dried fruit products can all be found in ATCO’s portfolio. It’s customers include the leading European retail and discount companies as well as the confectionery industry.
More at: www.atco.de
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