Dutch biscuit company Bolletje may end up in German hands
Dutch family firm Bolletje, which makes biscuits and crispbakes, is in talks with German company Borggreve about a possible takeover, news agency ANP said on Tuesday.
An earlier takeover attempt by Continental Bakers stumbled following objections from the Dutch competition authority.
The NMa said that takeover would have created a giant with up to 80% of the Dutch market for crispbakes (beschuit). The German takeover will not require regulatory approval, Bolletje told ANP.
Both firms have a workforce of around 800 and turn over some €200m a year. They are also located 30 minutes apart on either side of the Dutch German border near Almelo. Financial details were not disclosed.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation