FDBusiness.com

Wessanen Starts Divestment of US Subsidiary

 Breaking News

Wessanen Starts Divestment of US Subsidiary

Wessanen Starts Divestment of US Subsidiary
June 28
15:07 2012
Spread the love

Royal Wessanen has started the divestment process of its US subsidiary American Beverage Corporation (ABC), which is now considered non-core. The move is in line with Wessanen’s strategy to focus on organic foods inEurope.

The divestment is expected to be finalised in the fourth quarter of the year. The proceeds from the sale will be primarily used to further grow Wessanen’s European activities, both autonomously and via add-on acquisitions, while maintaining a conservative capital structure. ABC will be reported as ‘discontinued operations’ as of the second quarter 2012.

Operating mainly in France, the Benelux, the UK, Germany and Italy, Royal Wessanen is a leading company in the European organic food market. In 2011, Wessanen generated revenue of Eur706 million with 1,998 employees. The group’s brands include Bjorg, Whole Earth, Zonnatura, Bonneterre, Ekoland, Allos and Tartex.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements