Equistone's Group of Butchers buys Hartmann

Siblings Martina Beuker, Christian Hartmann and Maike Hartmann are selling their stake in the business to Equistone.

The deal is Group of Butchers' first bolt-on acquisition since Equistone's original investment at the end of 2016.

At the time of Equistone's investment, Group of Butchers reported sales of €125m and employed 350 people. Hartmann employed 50 people in 2016 and registered profits of €500,000, according to publicly available documents.

Group of Butchers said that, as well as giving it access to the German market, the acquisition of Hartmann will enable it to offer a wider range of mince products to its existing customer base.

Company
Hartmann was founded in 1984 and is headquartered in Warendorf-Milte, North Rhine-Westphalia. It produces meat products including meatballs, patties, cutlets and chops for national bulk buyers of meat products.

People
Equistone Partners Europe – Marc Arens (partner).
Group of Butchers – Remko Rosman (CEO).

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• Topics
• Portfolio management
• DACH
• Consumer
• Germany
• Build-up
• Equistone Partners Europe