Dr. Oetker intends to acquire pizza snack manufacturer Galileo Lebensmittel

Dr. August Oetker Nahrungsmittel intends to acquire Galileo Lebensmittel, a Trierweiler-based company specializing in frozen pizza snacks. Corresponding contracts were signed on 23 March 2023. The transaction is subject to regulatory approval.

With the planned acquisition, Dr. Oetker intends to expand its presence in the frozen pizza snacks market segment. Founded in 1993, the family-run Galileo Lebensmittel has in-depth know-how in this area and is represented with its products in several European countries. With the takeover of 100% of the company shares, Dr. Oetker is acquiring the production facility in Trierweiler and taking over all 200 employees of Galileo Lebensmittel. The parties have agreed not to disclose the purchase price. Galileo Lebensmittel will continue to be run operationally as an independent company by the existing management.

"For Dr. Oetker, the planned acquisition of Galileo represents a significant expansion of our presence in the pizza snacks sector. We are pleased to be able to add Galileo Lebensmittel to our group, a company that, as a family-owned business, fits Dr. Oetker's values, goals, and strategy very well," explained Dr. Albert Christmann, spokesman for the Dr. August Oetker Nahrungsmittel management board.

"We are looking forward to future cooperation under the Dr. Oetker umbrella," said Stefano La Vecchia, founder and chief executive officer, Galileo, adding, "Galileos's business will not change. We will continue to be a reliable, high-performance, and innovative partner for our customers. Galileo will remain as the original."