European Commission has approved the sale of Fazer Food Services by Fazer to Compass Group PLC

Fazer Group focuses on its fast-moving consumer goods and direct-to-consumer businesses and has agreed to sell Fazer Food Services to Compass Group. The transaction has now been approved by the EU Commission. Fazer Group focuses on its fast-moving consumer goods and direct-to-consumer businesses and has agreed to sell Fazer Food Services to Compass Group. The transaction has now been approved by the EU Commission.

Fazer Group is speeding up its transformation into a modern sustainable food company with a joint direction by executing its strategy focusing on the FMCG and direct-to-consumer businesses. As a part of the transformation, Fazer Group agreed to sell Fazer Food Services to Compass Group. Fazer Food Services is a premier food service provider in the Nordics.

The transaction, agreed upon in June 2019, was approved by the EU Commission on 28 January but the transaction has not yet completed. More information will be provided later. Until that time, Compass Group and Fazer Food Services will continue as competitors.

Fazer’s release in June

Fazer Group

In 1891, the young Karl Fazer opened his first café with a mission to make food with a purpose – and a passion to create moments of joy for all the people around him. It became Northern Magic. Made Real. Today, Fazer is an international family-owned company offering quality bakery, confectionery, biscuit and grain products, plant-based meals, non-dairy products, on-the-go food & drinks as well as food and café services. The Group operates in nine countries and exports to around 40 countries. The success of Fazer has been built on Karl Fazer’s vision, values and fearless creativity: the best product and service quality, beloved brands, the passion of skilful people and responsible ways of working. In 2018, Fazer Group had net sales of 1.6 billion euros and more than 15,000 employees. Fazer’s operations comply with ethical principles that are based on the Group’s values and the UN Global Compact.

Northern Magic. Made Real.