Wessanen divests Gelderland Frischwaren Gesellschaft

Amstelveen, 17 January 2005 The Executive Board of Royal Wessanen nv announces that Gelderland Frischwarengesellschaft mbH (GFG), part of Wessanen’s Private Label Group, has been sold to Balvers Group for an undisclosed amount. The proceeds will be fully paid in cash. The divestiture of GFG is another step in the implementation of Wessanen’s strategy to focus on Health and Premium Taste brands. The production of private label bacon-based products no longer fits in this strategic focus. Annual sales of GFG amounted to approximately EUR 25 million in 2004. The divesture will have a neglectible impact on earnings per share. Balvers Group is a privately owned food company. Offering a strong strategic fit, Balvers Group provides GFG with ample opportunities for future growth. Executive Board Royal Wessanen nv
3_1_media_press_releases_050117_nl.pdf (95 Kb)
3_1_media_press_releases_050117.pdf (89 Kb)

Back to press releases
xs
sm
md
lg