Wessanen has closed the previously announced acquisition of Italian Abafoods.
Abafoods is a European expert in organic vegetal drinks, generating net revenue of around €39 million in 2014. It 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. 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.
For Wessanen, the acquisition of Abafoods is a major step in the execution of its strategy. Its 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 Wessanen critical mass in Italy - a large and growing organic market in Europe - with a leading brand position thanks to Isola Bio.
For more information
Carl Hoyer (VP Corporate Communications)
Phone +31 (0)20 3122 140 / +31 (0)6 12 35 56 58
Email carl.hoyer@wessanen.com
