Hügli acquires majority stake in Bresc B.V.

Media Release 23 August 2016, 06.00 p.m.: Ad hoc announcement

Hügli acquires majority stake in Bresc B.V.

Hügli Group acquires a majority stake of 80% in the Dutch Bresc B.V., NL-Sleeuwijk (www.bresc.nl) as of 1 January 2016, as part of a succession plan. Bresc has been a successful company specialising in the development, production and sales of chilled garlic and herb products for the European gastronomy for 25 years. The chilled garlic specialties, herb mixtures and purees are appreciated for their high quality, their authentic flavour as well as their convenience; they perfectly match the needs of gourmet professionals and procedures of the food industry. With 60 employees, the company generates sales of EUR 12 million mainly in the Netherlands, Belgium and Germany.

The acquisition forms part of an expansion of Hügli's culinary competence in the fast-growing Food Service segment offering chilled flavouring products. It will round off our established line of dry blends and form an excellent strategic complement to our core business.

Bresc will continue to operate at its current location in Sleeuwijk, east of Rotterdam, and will be expanded successively. The current Bresc management's stake of 20% will remain unchanged and going further ensure the continuity of the qualified staff. The joint distribution will yield synergies from a complementary geographical coverage. The acquisition enables Hügli to gain a direct foothold in the Benelux states, whereas Bresc will profit from the relationship network Hügli maintains in ten European countries.

With Bresc B.V., Hügli has found a partner with high quality standards and a comparable corporate culture that relies on motivated employees. The merger reinforces both Hügli and Bresc as competent culinary partners of the gastronomy and food industry and provides them with further potential of achieving sustainable growth. The parties have agreed not to divulge the purchase price.

Financial information, information on corporate governance and on the Hügli share listed on the SIX Swiss Exchange (HUE / security no. 464795) can be retrieved from our Investor Relations website: http://www.huegli.com/en/investor-relations

For further information:

Andreas Seibold, CFO, Tel. [phone], [e-mail]

Hügli Holding AG, Bleichestrasse 31, CH-9323 Steinach

Hügli - Culinary expertise.Creativity.Speed.

Hügli was founded in Switzerland in 1935. Today, it is one of the leading European foodstuffs companies for the development, production and marketing of dry blends in the convenience segment such as soups, sauces, bouillons, ready to serve meals, desserts, functional food as well as ready to eat specialties. Hügli caters to the kitchens of the professional out of home market (Food Service), manufactures products for brand companies (Brand Solutions), as well as for food retailers (Private Label LEH). With its flavour-adding semi-finished products, Hügli partners with food manufacturers (Food Industry) and sells own brands, mostly of organic quality, to consumers (Consumer Brands). More than 1'400 employees in 10 countries link Hügli directly with its customers, and generate annual sales of around CHF 370 million(EUR 340 million).

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