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Nagel-Group sells operations to STEF
[ November 13, 2020 // Chris ]
German-owned European food logistics company Nagel-Group is to sell its operations in Belgium, the Netherlands and Italy to Paris-based temperature-controlled specialist STEF Group. STEF Group will acquire five sites in Italy, Belgium and the Netherlands, with total turnover of approx. €95m and around 200 employees, subject to approval by the German competition authority.
The two companies will enter into distribution agreements allowing Nagel-Group to make use of STEF’s distribution network in Italy, Belgium and the Netherlands, while STEF will offer its customers in these countries improved distribution services in Germany and Central and Northern Europe.
Completion of the transaction is envisaged in January 2021.
Tags: Nagel-Group; STEF
