18 May: Abel+Schäfer sells Florepi shares

Abel+Schäfer exits the frozen patisserie business in France as it sold its shares in Florepi to the Navigator group. Florepi, based in Guignicourt/Reims, was founded by Abel+Schäfer in 1998 and produces traditional French pastries such as éclairs, choux and tartlets for the frozen segment. With around 150 employees, the company generates annual sales of around EUR 27 million.