Utrecht, March 21, 2006
The Executive Board of Royal Wessanen nv announces the acquisition of the
remaining 29.7% of the shares of Natudis B.V. (Netherlands), previously owned
by one of the founders of the company. Wessanen already owned 70.3% of the
shares. At the same time Wessanen announces it has completed the acquisition of
Bio Slym S.r.L. in Italy.
Natudis is part of the European Distribution activities of Wessanen and is the
leading supplier and distributor of branded natural and health food products in
the Benelux. The company distributes approximately 9,000 different products to
1,000 customers in the Benelux with proprietary brands such as De Rit,
Natufood, Ekoland, Vetara, Molenaartje and Tartex.
Wessanen has acquired Bio Slym S.r.L., an Italian company located in Viadana,
in the Mantova region. Bio Slym focuses on the production of high-quality soy
milk, an expertise well positioned to support further development of our
brands. Soy is one of the key growth categories as defined in the Wessanen
strategy. Bio Slym is acquired in order to grow this category, enhance new
product development and increase our expertise in the field of research and
development. The company started in 2004 as a spin-off of Rossi & Catelli SpA
(a food processing equipment company). As the company is still in the start-up
phase, revenues are currently limited but are expected to grow rapidly.
The purchase price of both acquisitions is well within Wessanen’s target zone
of 0.8 to 1.2 times revenue and was paid in cash.
Royal Wessanen nv
Should you have any questions, please contact Corporate Communications;
phone +31 (0) 30 29 88 819; e-mail email@example.com.
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