HOCHDORF Holding AG: Change of direction for Uckermärker Milch GmbH Dienstag, 04. Juli 2017 - 08:01

HOCHDORF Holding AG / Key word(s): Strategic Company Decision
HOCHDORF Holding AG: Change of direction for Uckermärker Milch GmbH

04-Jul-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR

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HOCHDORF Group Press Release: Change of direction for Uckermärker Milch GmbH

Uckermärker Milch to reposition itself on the market

Hochdorf, 4 July 2017 - The German company Uckermärker Milch GmbH, which is
part of the HOCHDORF Group, is to concentrate on high-value products and
markets in the future, further extending its market position with butter,
buttermilk and refined milk powders. It plans to stop curd production at the
end of October.

Uckermärker Milch GmbH, which is based in Germany and belongs to the
HOCHDORF Group, is to reposition itself on the market. "We want to
concentrate on high-value products and markets in the future and extend our
market position with butter, buttermilk and refined milk powders," HOCHDORF
CEO Dr Thomas Eisenring announced. HOCHDORF plans to target investment in
new production technologies for high value-added products to consolidate the
company's position in the market.

As a result of this realignment Uckermärker Milch GmbH plans to stop its
curd production by 31 October 2017. Changes in the market mean it is no
longer a profitable operation.

Expiring, temporary contracts and natural fluctuation should mean there will
be very few redundancies. All permanent full-time members of staff will be
transferred to ongoing production areas.


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End of ad hoc announcement

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Information and Explanation of the Issuer to this News:

The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales
revenue of CHF 551.5 million in 2016. It is one of the leading foodstuff
companies in Switzerland, employing 630 staff as of 31.12.2016. Made from
natural ingredients such as milk, wheat germ and oil seeds, HOCHDORF
products have been contributing to our health and wellbeing since 1895 -
from babies to senior citizens. Its customers include the food industry and
the wholesale and retail sectors. Its products are sold in over 90
countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN
CH0024666528).


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