Abafoods, a European expert in vegetal drinks and a leading brand in Italy, has been acquired in January 2015. The purchase consideration amounted to
€52 million on a cash and debt free basis.
a European expert in organic vegetal drinks and an Italian brand leader in
HFS in dairy alternatives with the Isola Bio brand.
an advanced manufacturing plant in Badia Polesine (Italy) and owns around 400
hectares of organic farm land in Italy to partly grow its raw materials.
2014, revenue and EBITDA are expected to increase substantially to around €39
million (vs €27mln in 2013) and €6 million EBITDA.
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.
Vegetal drinks are showing
strong growth in our various markets and we expect that growth to continue in
the years to come.
Visit also www.abafoods.it