Oetker to Acquire Local Baking Peer Kathi

German food manufacturer Oetker Group has struck a deal to acquire local baking mixes and flours producer Kathi.

The financial terms of the deal were not disclosed.

Founded in 1951, family-owned Kathi has a production facility in Halle, in the state of Saxony-Anhalt. It employs 90 people.

Explaining the rationale behind the acquisition, Oetker told Just Food Kathi had a strong presence in eastern Germany and the deal would help the company expand further into the region.

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