AS Equity Partners to acquire HOCHDORF Swiss Nutrition Ltd (HSN)

AS Equity Partners signed a definitive agreement with HOCHDORF HOLDING Ltd to acquire HOCHDORF Swiss Nutrition Ltd (HSN).

Established in 1895, HOCHDORF (HSN) is a leading milk processor in Switzerland with annual revenues of CHF 300+ million. The company is a global provider of high-quality, highly complex baby nutrients and specialized foods for all age groups. It serves as the Swiss center of excellence for milk processing, specializing in powder drying and mixing technology for milk-based ingredients and alternative proteins. With 350+ employees, HOCHDORF utilizes advanced technology, process excellence, Swiss quality, and extensive industry expertise to serve industrial and consumer markets globally.

The completion of the transaction requires, among others, the approval of a qualified majority of the shareholders of HOCHDORF Holding at an Extraordinary General Meeting to be held on18 September 2024. Terms of the agreement were not disclosed.

Ralph Siegl, CEO and Delegate of the Board of Directors of the HOCHDORF Group stated, “During the intensive exploratory talks, AS Equity Partners expressed great interest in HSN’s potential and acknowledged the strategic direction of our transformation process in recent years. HSN’s business activities are to be further expanded, and its reliable role in the Swiss dairy industry secured.”

Andreas Schulte, Founder and Managing Partner of AS Equity Partners, stated, “The technological expertise of HOCHDORF Swiss Nutrition, its relevance in modern nutrition, and the encouraging trend in operational recovery are a compelling basis for us to tap into this interesting international potential. We, as active investors with extensive expertise and operational capabilities in tech-enabled manufacturing and international market expansion, aim to expand HNS’ business and enhance its strategy and performance to become a dominant market leader.”