The German subsidiary of EUROGERM is taking over TELTOMALZ GmbH. Founded in 1907, TELTOMALZ produces malt-based products, premixes and ready mixes as well as other ingredients for bakeries and pastry shops at its headquarters in Teltow, near Berlin. EUROGERM anticipates the new acquisition will support its further development in Germany and Northern and Eastern Europe.
EUROGERM is headquartered in Saint-Apollinaire, France. The group currently has 14 subsidiaries in Europe, Africa, America and Asia. With more than 660 employees, the company generates annual sales of around EUR 205 million.
“We are very satisfied with the merger of our two companies because it allows us to to be closer to our customers and to develop and offer new know-how, especially in the area of malt and pastries,” says Jean-François Honoré, Chairman and CEO of the EUROGERM group of companies, and Grégoire Faivre d’Arcier, Managing Director of EUROGERM GERMANY.
Photo: TELTOMALZ website