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.
Royal Wessanen nv
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