Divestment of Meelunie B.V. by Coöperatie AVEBE U.A.

Transaction
Hoogwegt Groep B.V. has acquired 60% of the shares in Meelunie B.V. (part of AVEBE Nederland B.V.). Rembrandt M&A acted as the exclusive financial advisor of the seller.

Parties
Meelunie is a supplier of agricultural products, including starches, sweeteners, and proteins. The company was founded in 1867 as a producer and miller of grains and potatoes. The company distributes to over 80 countries, and sells to the food industry, the animal feed industry, and the industrial sector.
For more information, see: www.meelunie.com

AVEBE UA is a cooperation that sells products based on potato starch and potato protein. These products are used in food, animal feed, paper, construction, textile manufacturing and for adhesives. AVEBE has three production facilities in the Netherlands, two in Germany, and one in Sweden. The cooperation has about 2500 farmers who are a member. AVEBE employs 1300 people and was founded in 1919.
For more information, see: www.avebe.com

Hoogwegt is a supplier of dairy products and dairy ingredients. The company was founded in 1965 and is currently active in more than 110 countries globally. Hoogwegt sells products such as milk powder, butterfats, and whey products. Further, the company offers risk management, logistics, and quality control services. For more information, see: www.hoogwegt.com
Divestment  of Meelunie B.V. by Coöperatie AVEBE U.A.
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