HB

FOO

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V.

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In 2005 CBM B.V. has merged with Holland Geiten Melk B.V. (formerly known as

Kaasmakerij Heijkoop B.V.) into HB Food Group B.V. The shares are privately owned.

HB Food Group B.V. is the holding company of a number of companies that focus on the entire chain of

collection, development and marketing of goat milk and goat milk products. Every company has its own

specialization:

• Holland Geiten Melk B.V. (Holland Goat Milk) is responsible for the collection of goat milk.

• CBM B.V. specializes in the development and sales of a wide range of goat milk products for the

international b2b market.

• Xpert Nutrition B.V. specializes in the development and sales of powdered baby and dietary foods

based on goat and/or cow milk in consumer packs.

• Xpert Fine Foods B.V. focuses on the manufacturing and sales of a wide range of goat milk

products for the consumer market under the KABRITA brand.

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HO

LLA

ND

GEI

TEN

MEL

K B

.V.

Holland Geiten Melk B.V. is responsible for the collection of goat milk for HB Food Group

B.V.. The goat milk is collected from professional goat farms. All goat farms are located

in the Netherlands. Annually more than 20 million kgs of goat milk are being collected.

• ConstantmonitoringbyCOKZ

(the Dutch controlling authority for milk and milk products)

In close collaboration with its suppliers, HGM strives for the highest possible quality of its goat milk.

Therefore the goat milk is constantly monitored by the COKZ, from goat farmer to manufacturer.

• Highestqualityofgoatmilk

To guarantee the highest possible quality of the goat milk all goat farms work according to a chain-quality

system, known as ‘Kwaligeit’ (or Qualigoat) and the quality system of Holland Geiten Melk. This quality

system covers all aspects of the production of goat milk: milking and storage, cleaning and disinfection,

environment and waste, animal feeding and water, use of medicines and well-being of the animals.

• Ourgoatmilkisknownforit’sexcellentquality,tasteandscent

The quality of each product is determined by the raw materials of which it is made. The goat milk of the

Holland Geiten Melk goat farms is collected several times per week and processed immediately. As a

consequence a high quality product with a mild taste and scent is guaranteed.

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CBM

B.V

.

CBMB.V.wasfoundedin1990andhasgrownintothelargestproducerandexporterof

goat milk products for the b2b market in the world. The core activities of CBM are the

development,manufacturingandmarketingofpowderedandliquidgoatmilkproducts,

likegoatmilkpowders,goatmilkpreparationsandgoatwheyproteinconcentrates.

Products of CBM:

• Full cream goat milk powder

• Skimmed goat milk powder

• Goat whey protein concentrate

• Goat butter

• Goat milk cream

• Semi-finished products

• (fresh) raw goat milk

• Full cream sheep milk powder

• Skimmed sheep milk powder

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• Differentapplications

Because of their high quality, the products are applicable in products that have to comply with the highest

quality standards. A significant part of the CBM products is used in baby and dietary foods. In addition,

products find their way into a wide range of applications, like recombined drinks, cheese, yoghurt drinks,

candy, soap and tablets.

• CBMproductsaredistributedworld-wide

Initially Asia was the dominant sales market for CBM. Nowadays CBM is active world-wide. The goat milk

products are being sold in more than 25 countries throughout the world. The sales figures show a steady

and certain growth, both in terms of volume as well as the number of markets.

• CBMhasavastknowledgeoftheproducts

Because of years of research and experience with the use of goat milk in many applications, CBM has a

vast knowledge of goat milk products, its applications and the market. We constantly work on new and

innovating goat milk products. In addition, new products are developed that fully meet the specific needs

and requirements of our customers world-wide.

• Ourhigh-qualityrawmaterialisthebasisofourtop-qualitygoatmilkproducts

Through full control over the goat milk flow within the HB Food Group holding, from raw material to final

product, the highest possible quality is guaranteed. Therefore the products are world-wide regarded as

THE quality reference in goat milk products.

For more information: www.cbmbv.com

CBM

B.V

.

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0

2000

4000

6000

8000

10000

12000

Year EU outside EU Total Turnover

485 973 1.458 2.699 3.383 6.082 4.039 3.307 7.346 3.582 4.002 7.584 3.212 3.592 6.804 3.214 2.434 5.648 5.006 2.516 7.522 4.902 2.845 7.747 5.894 4.820 10.714 5.899 5.801 11.700

outside EU

EU

‘01‘02‘03‘04‘05‘06‘07‘08‘09‘10

‘01 ‘04‘03‘02 ‘10‘09‘08‘07‘06‘05

TURNOVER CBM B.V. (x EUR 1000,-)

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XPE

RT N

UT

RIT

ION

B.V

.

XpertNutritionB.V.wasfoundedin2000andspecializesinthedevelopment,manufacturing

and marketing of dairy powders in tins. Xpert Nutrition offers a complete range of

productsbasedongoatand/orcowmilkandfocusesonchildnutrition,babyfoodsand

dietary foods.

• TheKABRITAbrand

The products are sold under the KABRITA brand or, if desired, under private label.

• CompleterangeofbabyFoods

Xpert Nutrition offers a complete range of children and baby foods based on goat or cow milk, including

infant formula, follow-up formula and growing up milk. Xpert Nutrition also offers different kinds of

specialty products, like instant milk powders and enriched milk powders.

• OurproductsmeetthehighstandardsoftheWorldHealthOrganization(WHO)

The children and baby foods comply with the Codex Alimentarius, WHO guidelines (where applicable) and

local requirements.

• Vastknowledgeoftheproductsandthemarket

Because we closely follow trends and have years of experience in various markets we have gained a lot of

knowledge of the products and the market. Our RD&QA department develops the formulations in close

cooperation with the customer, to meet the specific needs and requirements of the market and costumers.

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.

• ThepackagingmaterialcomplieswithInternationallegislations

The products are packed according to international legislation concerning material and labeling. We are

able to pack powdered based formulas in cans, sachets en pouches in a variety of sizes and weights.

• Highestpossiblequality

Xpert Nutrition guarantees the best quality of products due to use of the highest possible quality of raw

materials. All of the raw materials and final products are extensively tested for overall quality and food

safety aspects.

Manufacturing takes place in accordance with HACCP (Hazard Analyses of Critical Control Points)

standards. The HACCP system is certified by the COKZ (the Dutch controlling authority for milk and milk

products).

Products of Xpert Nutrition B.V.:

• Baby foods

• Child Nutrition

• Enriched milk powders

• Instant milk powders

• Hypoallergenic foods

• Dietary foods

• Lactose-free products

• Soy protein based products

For more information: www.xpertnutrition.com

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XPE

RT F

INE

FOO

DS

B.V.

Xpert Fine Foods B.V. focuses on the manufacturing and sales of a wide range of goat

milkproductsfortheconsumermarketundertheKABRITAbrandnameorprivatelabel.

The products are locally and internationally distributed by exclusive distributors. The range consists of

different kinds of goat milk products:

• Fresh goat milk products (milk, yogurt, butter milk)

• UHT goat milk

• Semi hard goat cheese

• Goat butter

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SEC

TOR

The Dutch goat milk sector has developed rapidly in the past years. Between 2000 and

2007 the annual growthwas approximately 11%. InTheNetherlands there are about

320 professional goat farms. Together they produce some 140 million kg of goat milk

annually.Worldwidethegoatmilkproductionamountstoapproximately14billionkg,

makingtheNetherlandsoneofEurope’smostprominentproducersofgoatmilk.

• The goat milk in The Netherlands is collected and processed by 7 processors, both privately-

owned (of which HB Food Group B.V. is the largest) and co-operatives.

• The production of cheeses (soft and hard) consumes 60% of the Dutch goat milk production.

Some 25% of the milk is sold in liquid and the remaining 15% is being used for the production of

milk powder and other products.

• In the Netherlands most of the goat milk is produced by the white Saanen goat.

• Due to genetic predisposition of Saanen goats the average production level is increasing gradually.

In 2009 the average milk production was 800 kg per goat per annum.

• There is a trend towards larger farms (>1000 goats). A growing number of farms apply

“continuous milking”.

• Notonlytheamountofliters,butmainlytheproteinandfatcontentsdeterminethevalueofthemilk.

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• Digestibility

Goat milk is easy to digest. The fat in goat milk is relatively high in fatty acids with short and mid-sized

chains, which are easy to digest. Its small milk-fat globules and small protein particles make it easy for

enzymes to digest the milk. In addition, the protein of goat milk forms a softer curd in the stomach than

that of cow milk. This also facilitates digestibility.

• Cowmilkproteinallergy

Many people suffer from a cow milk allergy. About 30% of these people allergic to cow milk protein can

digest goat milk without any problems. Commonly this is a combination of different factors.

It is suggested that they benefit from the lower as1-casein content in goat milk.

• Lactoseintolerance

The enzyme lactase is responsible for lactose digestion. People suffering from lactose intolerance are

missing this enzyme. Because the lactose content of goat milk is lower than that of cow milk, goat milk is

generally better tolerated than cow milk.

• Bronchialtubes

Drinking goat milk leads to less mucus production than with cow milk. This can mean a relief to people

with respiratory complaints.

AD

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• Skinproblems

In analogy with respiratory problems, a large number of stories in circulation claim that goat milk can

provide relief from skin problems. However, most of these stories lack any scientific proof. Nevertheless,

goat milk is often a constituent of cosmetic products.

• Exclusivity

Today consumers are looking for special food products: products that are unique, healthy and sensible.

Dairy products from goats meet this desire perfectly.

• Taste

Many consumers prefer the taste of dairy products from goats to that from cows.

• Image

The Dutch goat milk sector is clean and animal friendly. More consumers choose fair and sensible foods

items and therefore prefer goat dairy.

• Vitamins&Minerals

Goat milk is a good source for vitamin A, thiamin, riboflavin and vitamin B12. Also calcium, phosphorous,

magnesium, zinc and iodine are present in relatively high concentrations. It is a poor source of iron and folic

acid. Some studies have shown that the absorption of minerals (such as iron) from goat milk is better than

in cow milk. However, vitamins and minerals need to be added to baby and children’s foods, to make sure

the amount of vitamins and minerals is exactly right for the proper development of the baby.

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UP

B.V.

Countries where HB Food Group B.V. is active

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HB

FOO

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P T

EAM

Ben Busser

General manager

EstherLuidens

Administration

HedwichWesselink

Marketing

Gerdien de Jong

Secretary & Administration

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Marthijn Huisman

Planning & Logistics

RichardKreijkes

Sales

RoyPierik

Planning & Logistics

HenrikeWemekamp

R&D QA

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For more information you can contact us:

HB Food Group B.V. Bedrijvenpark Twente 54 7602 KC Almelo

Tel: +31 (0)546 714400 Fax:+31(0)546714410E-mail:info@hbfoodgroup.nlwww.hbfoodgroup.nl