IFR Ifr Capital

 

TIDMIFR 
 
RNS Number : 0549Q 
IFR Capital PLC 
03 April 2009 
 

IFR Capital PLC 
 
 
Transaction with Walter Rau Group 
 
 
 
 
IFR Capital Plc ("IFR" or the "Company"), the AIM-listed investment company 
focused on consolidation opportunities in the European retail food sector, is 
pleased to announce that its subsidiary Homann Feinkost GmbH ("Homann") 
has added a food dressings production line previously managed by Walter Rau 
Lebensmittelwerke GmbH & Co. KG ("Walter Rau") for a payment of EUR8.3 million to 
be satisfied in cash. The food dressings production line has in the books of IFR 
a current book value of approximately EUR5.0 million and will, when operating 
under a capacity of circa 25 kilo tonnes per annum, generate annual operating 
profits for IFR of approximately EUR4.0 million. 
 
 
The food dressings production line manufactures various mayonnaise and ketchup 
products which are currently sold into the German market. The addition of the 
food dressings production line to Homann's existing production infrastructure 
will consolidate Homann's position in the German food dressings market, with the 
objective of improving profitability through improved economies of scale and 
adding higher margin products to the Company's product portfolio. 
 
 
Furthermore, IFR's subsidiaries Heinrich Hamker, Lebensmittelwerke GmbH & 
Co. KG and Feinkostwerke Hamker GmbH & Co. KG have sold their margarine 
production lines to Walter Rau for a cash consideration of EUR1.0 million. 
 
 
For further information please contact: 
 
 
+-----------------------------------------------+----------------------+ 
| IFR Capital PLC                               |                      | 
+-----------------------------------------------+----------------------+ 
| Ulrike Sucker                                 |  +49 (0) 211 310 627 | 
|                                               |                   12 | 
+-----------------------------------------------+----------------------+ 
|                                               |                      | 
+-----------------------------------------------+----------------------+ 
| Charles Stanley Securities - NOMAD and broker | +44 (0) 20 7149 6000 | 
+-----------------------------------------------+----------------------+ 
| Philip Davies / Ben Johnston                  |                      | 
+-----------------------------------------------+----------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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