Oetker Group purchases Kathi company - Oetker Group Regains Ownership of Kathi Company
In a move to bolster its position in the baking mixes and cake specialties market, the Dr. Oetker Group, a renowned German food company based in Bielefeld, has acquired Kathi, a family-run business specialising in baking mixes and flour. The acquisition took place in Saxony-Anhalt, with the production site in Halle an der Saale and approximately 70 employees being taken over.
Kathi's products are well-established among consumers in eastern Germany, making it a strategic addition to Dr. Oetker's product portfolio. The operation will continue to be run independently by the previous management after the acquisition, ensuring a smooth transition and maintaining the quality that Kathi's customers have come to expect.
CEO Carl Oetker expressed his enthusiasm for the acquisition, stating that Kathi fits well with the values, goals, and strategy of the Oetker family business. He believes that the synergy between the two companies will enable them to expand their presence in the baking market.
However, the purchase price for the acquisition remains undisclosed. As for the future plans, details are scarce at the moment, but it is expected that Kathi will leverage its brand strength and product expertise to expand further in the baking market.
For the most accurate and current details including purchase price and management intentions, interested parties are advised to check the latest official press releases from Dr. Oetker Group or Kathi directly, or reliable business news sources specialised in mergers and acquisitions.
The acquisition of Kathi by the Dr. Oetker Group, a leading food company, not only aligns with the group's strategy in the baking market but also provides an opportunity for investment in community policy, such as vocational training, to support the growth of the newly acquired business. With the focus on food-and-drink and business expansion, it is anticipated that Kathi will utilize its strong brand and product expertise to broaden its lifestyle offerings, including potential ventures in food-and-drink and vocational training programs.
