FDBusiness.com

Wessanen to Acquire Italian Vegetal Drinks Producer

 Breaking News
  • £3.7 Billion Worth of Discounts Disappear From UK Supermarket Shelves as Promotions Fall to Lowest Levels in 10 Years The pressure on UK retailers to be more transparent in their pricing has seen the number of trade promotions fall to their lowest levels for 10 years, and in 2017, shoppers will receive £3.7 billion less in promotional savings. This is according to a new report by IRI, the provider of big data and predictive analytics [...]...
  • Whisky, Tequila and Gin to Drive Global Spirits Category Growth to 2021 Just released data from the IWSR 2017-2021 Forecast suggests global volumes of whisky, gin and tequila are expected to make gains of 55.2m, 7.1m and 5.8m nine-litre cases respectively over the next five years, following their rapid growth in 2016. These categories together with baijiu (+48.2m cases between 2016 and 2021), will contribute the most in the [...]...
  • Huge Export Win to China For UK Food Producers A new export deal with China will bring a £200 million boost to the UK food industry and support 1,500 jobs. Taking advantage of the growing demand for UK and drink in China, seven new businesses in England and Northern Ireland have secured access to export pork – including three producers who, in a first [...]...
  • CSM Bakery Solutions Closes Sale of BakeMark Business CSM Bakery Solutions, a global leader in bakery ingredients, products and services, has completed the sale of its BakeMark business to private equity firm Pamplona Capital Management. The sale of BakeMark, which was announced mid-July, is an important element in CSM’s decision to focus on their core business in Europe and North America. “Completing the sale [...]...
  • Needham Coding Ireland to Show Own Brand ‘N’ Series CIJ Printers For the First Time Newly established business, County Westmeath-based Needham Coding Ireland Limited, which was formed following a merger between The Needham Group and long-standing Irish distributor, Advanced Coding Solutions (ACS), will be highlighting a wide range of continuous ink jet (CIJ), thermal ink jet (TIJ) and laser coding and marking equipment, and associated printer inks and makeup at [...]...
  • Mars Food Expands its Portfolio With Acquisition Mars Food, part of Mars Incorporated, is acquiring Preferred Brands International, a US-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite® brand. Tasty Bite’s® portfolio includes a wide range of vegetarian offerings, including Indian/Asian entrees, spice and simmer meal kits, and organic rice and [...]...

Wessanen to Acquire Italian Vegetal Drinks Producer

Wessanen to Acquire Italian Vegetal Drinks Producer
December 18
12:30 2014

Wessanen, the Netherlands-based food group, is purchasing Abafoods, a European expert in organic vegetal drinks, for €52 million. Closing is expected to be in January 2015.

Abafoods produces a range of cereal drinks using rice, coconut, almond, oat, spelt and soy. The company has strong R&D capabilities delivering new concepts and innovative packaging. It operates an advanced manufacturing plant at Badia Polesine in Italy and owns and manages around 400 hectares of organic farm land in Italy to partly grow its raw materials.

Over the last few years, Abafoods has recorded strong growth. In 2013, net revenue amounted to €27 million. For 2014, revenue and EBITDA are expected to increase substantially to around €39 million and €6 million, respectively.

Its Isola Bio brand is the leading brand in vegetal drinks in Italian health food stores and is also exported successfully to a wide range of export countries. Next to its own brands, Abafoods currently produces a significant part of non-soy cereal drinks for our Bjorg and Bonneterre brands and it also manufactures for other third parties in Europe. Dairy alternatives & vegetal drinks are a core category in the market for healthy, sustainable and organic food. Category growth rates have been double-digit and are predicted to remain at this level for the years to come. This is driven by an ever-increasing number of people that have to and/or want to avoid dairy products.

Key consumer motivators are lactose intolerance, vegetarian and vegan life styles, general improvement of well-being and health and the desire to make a positive contribution to a healthier planet.

Christophe Barnouin, chief executive of Wessanen, comments: “The acquisition of Abafoods is a major step in the execution of our strategy. Abafoods’ unique expertise in dairy alternatives will strengthen our R&D and production capabilities to fuel the growth of our brands in Europe, as well as Isola Bio, in this core category. It also gives us critical mass in Italy – a large and growing organic market in Europe – with a leading brand position thanks to Isola Bio. Finally, it reinforces our commitment to organic: Abafoods, like Wessanen, are two companies, where we commit to organic food and sustainable farming.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements