Alliance between SARIA and Teeuwissen
2010-05-04,
Selm/Cuijk. The SARIA Group and Teeuwissen Group are joining forces to boost their activities in the processing of animal by-products. The management board of the two groups signed a cooperation agreement yesterday that sees SARIA acquiring a 25% stake in the Teeuwissen Group.
Headquartered in Selm,Germany, SARIA Bio-Industries (www.saria.com) is an international manufacturer of quality goods for human consumption, animal nutrition, agriculture, aquaculture and industrial applications. The company focuses on producing high-quality proteins and fats from animal by-products. SARIA is also active in renewable energies (biodiesel and biogas) and is a significant provider of services to the agriculture and food industries. Some 4,000 people work for the SARIA Group in nine European countries.
Headquartered in Cuijk, The Netherlands, the Teeuwissen Group (www.teeuwissen.nl) is a world leader in the processing of casings. Teeuwissen also specialises in collecting, processing and trading of all animal by-products and meat products for supply to the human food industry, to the pharmaceutical industry and to the pet food industry. Teeuwissen has established a worldwide presence in all continents in these business areas, through subsidiaries and joint ventures. The company employs 3100 people.
When signing the cooperation agreement, both chief executives highlighted the benefits of the new partnership. “SARIA and Teeuwissen are leading groups in their market segments and our businesses complement each other. This partnership gives both companies an opportunity to achieve synergies and to significantly expand the breadth and quality of their product and service offerings for customers and suppliers,” said Jalal Laham, President of the Teeuwissen Group. Dr. Kurt Stoffel, Chairman of the Management Board of the SARIA Group, added: “By working together, the two groups will be able to considerably enhance their international presence. We believe that pooling our resources will enable us to leverage extensive market potential for mutual benefit.”