HOCHDORF Holding AG

EQS-Adhoc: HOCHDORF Holding AG: Change of direction for Uckermärker Milch GmbH


EQS Group-Ad-hoc: HOCHDORF Holding AG / Key word(s): Strategic Company Decision
HOCHDORF Holding AG: Change of direction for Uckermärker Milch GmbH

04-Jul-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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HOCHDORF Group Press Release: Change of direction for Uckermärker Milch GmbH

Uckermärker Milch to reposition itself on the market

Hochdorf, 4 July 2017-The German company Uckermärker Milch GmbH, which is part
of the HOCHDORF Group, is to concentrate on high-value products and markets in
the future, further extending its market position with butter, buttermilk and
refined milk powders. It plans to stop curd production at the end of October.

Uckermärker Milch GmbH, which is based in Germany and belongs to the HOCHDORF
Group, is to reposition itself on the market. "We want to concentrate on
high-value products and markets in the future and extend our market position
with butter, buttermilk and refined milk powders," HOCHDORF CEO Dr Thomas
Eisenring announced. HOCHDORF plans to target investment in new production
technologies for high value-added products to consolidate the company's position
in the market.

As a result of this realignment Uckermärker Milch GmbH plans to stop its curd
production by 31 October 2017. Changes in the market mean it is no longer a
profitable operation.

Expiring, temporary contracts and natural fluctuation should mean there will be
very few redundancies. All permanent full-time members of staff will be
transferred to ongoing production areas.

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=XAKRVUJGHD
Document title: Change of direction for Uckermärker Milch GmbH
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End of ad hoc announcement------------------------------------------------------
--------------------------Information and Explanation of the Issuer to this
News:


The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales
revenue of CHF 551.5 million in 2016. It is one of the leading foodstuff
companies in Switzerland, employing 630 staff as of 31.12.2016. Made from
natural ingredients such as milk, wheat germ and oil seeds, HOCHDORF products
have been contributing to our health and wellbeing since 1895 - from babies to
senior citizens. Its customers include the food industry and the wholesale and
retail sectors. Its products are sold in over 90 countries. The shares are
traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528).

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Language: English

Company:  HOCHDORF Holding AG

          Siedereistrasse 9

          6281 Hochdorf

          Switzerland

Phone:    +41 41 914 65 65

Fax:      +41 41 914 66 66

E-mail:hochdorf@hochdorf.com

Internet: www.hochdorf.com

ISIN:     CH0024666528

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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589271  04-Jul-2017 CET/CEST
 



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