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VION Takes Over Bankrupt Weyl

22 July 2010

NETHERLANDS - Earlier this month, VION Foods acquired parts of the assets of beef producer Weyl Beef Products in Enschede, which went bankrupt in May.

The acquisition is being submitted to the European competition authority.

VION expects by mid-August approval by the competition authority and following this approval, VION's Weyl business will resume.

Weyl Beef Products was founded in 1977 and was the largest producer and processor of beef in the Netherlands.

More than 600 people including around 200 part time staff worked for teh company before its bankruptcy.

TheMeatSite News Desk



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