HOCN Ltd (formerly HOCHDORF Holding Ltd) has completed the sale of its operating subsidiary HOCHDORF Swiss Nutrition Ltd (HSN) to AS Equity Partners. Under the new ownership, HSN will continue to follow its current strategy.
The sale of HSN by HOCN Ltd to AS Equity Partners was approved by the banking syndicate, the competent court and the administrator. The shareholders consented to the sale of HSN at the Extraordinary General Meeting of HOCN Ltd on 18 September 2024.
HSN's new owner AS Equity Partners is a reputable and experienced investor which will continue to lead and develop the business in line with the current strategy and with the existing management under the leadership of CEO Ralph Siegl. The aim is to further expand HSN’s business activities, particularly in infant nutrition, and to secure its important role in the Swiss dairy industry. HOCHDORF will remain a reliable partner for its customers and suppliers.
HSN's previous parent company, HOCN Ltd, remains subject to a provisional composition moratorium. As part of the ongoing debt restructuring proceedings, the creditors known to HOCN AG by name will be advised in due course in consultation with the administrator.
With the completion of the transaction, Thierry Philardeau has resigned from the Board of Directors of HOCN Ltd.
Material to download and further information
Annual Report 2023: https://report.hochdorf.com/2023/ar/de/startseite / PDF version: https://report.hochdorf.com/2023/ar/downloads/de/Hochdorf_Geschaeftsbericht_2023.pdf
Interim Report 2024: https://report.hochdorf.com/2024/hyr/ en/ Homepage
Media releases by e-mail / Investor News Service: https://hocn.ch/en/newsletter
Overview of ad hoc press releases of the HOCHDORF Group: https://hocn.ch/en/ad-hoc-mitteilungen
Information on the operational company HSN remains available under the current weblink www.hochdorf.com
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