Swiss Dairy Giant Hochdorf Explores Potential Sale
Source: The DairyNews
Hochdorf Group, the Switzerland-based dairy manufacturer and owner of Bimbosan baby food and Babina infant-formula brands, is contemplating a sale or partial sale of its business.
The company revealed its expanded approach to potential investors while providing an update on its 2023 performance and exploring financial restructuring options.
Having undergone operational adjustments, including the closure of a factory in its Swiss hometown to concentrate on infant formula, Hochdorf reported significant progress in 2023. Despite facing challenges in the past, the company achieved a remarkably positive EBITDA, marking a shift from the deep negative territory experienced in previous years.
However, Hochdorf acknowledged the lingering impact of legacy burdens stemming from a complex financing and capital structure. Consequently, the company is considering strategic options for restructuring, with a focus on addressing these challenges. While net sales revenue increased in 2023 compared to the previous year, Hochdorf recognizes the need to explore alternatives to ensure sustained competitiveness in the evolving market landscape. No final decisions have been made as the company evaluates potential avenues for its future.
Having undergone operational adjustments, including the closure of a factory in its Swiss hometown to concentrate on infant formula, Hochdorf reported significant progress in 2023. Despite facing challenges in the past, the company achieved a remarkably positive EBITDA, marking a shift from the deep negative territory experienced in previous years.
However, Hochdorf acknowledged the lingering impact of legacy burdens stemming from a complex financing and capital structure. Consequently, the company is considering strategic options for restructuring, with a focus on addressing these challenges. While net sales revenue increased in 2023 compared to the previous year, Hochdorf recognizes the need to explore alternatives to ensure sustained competitiveness in the evolving market landscape. No final decisions have been made as the company evaluates potential avenues for its future.
