FanoFineFood

Type
Merger/Acquisition
Country
Netherlands
Region
Location of affected unit(s)
Emmen, Oldenzaal, Oosterwolde
Sector
Accommodation / Food
56 - Food and beverage service activities
56.2 - Event catering, contract catering service activities and other food service activities
56.2 - Event catering, contract catering service activities and other food service activities
100 jobs
Number of planned job losses
Job loss
Announcement Date
8 December 2003
Employment effect (start)
Foreseen end date

Description

FanoFineFood has been the property of Koninklijke Smilde since mid 2001. FanoFineFood came into difficulties because of fraud with the accountancy, and too ambitious a planning for development. Koninklijke Smilde is now offering the best price and the solution maintaining the most jobs. The group is buying the production sites of Emmen, Oldenzaal and Oosterwolde but what will happen to the locations in Rotterdam and Belgium is still unclear. FanoFineFood will concentrate on the production of meals and salads.

Sources

  • 8 December 2003: Reformatorisch Dagblad

Citation

Eurofound (2003), FanoFineFood, Merger/Acquisition in Netherlands, factsheet number 59464, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59464.