Utrecht, November 20, 2009
The Executive Board of Royal Wessanen nv announces that Liberty Richter, based
in Bloomfield, New Jersey (USA), has been sold to World Finer Foods (WFF), also
based in Bloomfield, New Jersey, for an undisclosed amount, effective today.
Tree of Life Inc., a subsidiary of Wessanen, owns 45.2% of WFF shares. This
divestiture is the first step in Wessanen’s strategy to divest its North
American branded and distribution businesses.
Liberty Richter specializes in the management of specialty food and beverage
brands owned by third-party clients, a similar area of expertise to that of
WFF. Wessanen has outsourced the management of Liberty Richter to WFF since
2006. Liberty Richter generated revenues of approximately USD 31.5 million and
an operating result of approximately USD 1.8 million over 2008.
Royal Wessanen nv
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