Wessanen and Rabo Capital established new company to merge frozen snack business

Today, Royal Wessanen nv and Rabo Capital completed the transaction to merge the activities of Habek Snacks and Wessanen in ragout rolls (‘kroketten’), hamburgers, meat rolls (‘frikandellen’) and halal snacks in a jointly owned new company called Favory Convenience Food Group. Wessanen and Rabo Capital announced the transaction in April 2007, after which the appropriate consultation with employee representatives took place.

Favory Convenience Food Group has acquired the related Wessanen private label frozen snack business and the facilities in Bocholt (B) and Tilburg (NL) as well as the business and the facility of Habek Snacks in Deurne (NL). Wessanen will own 60.6% of the shares in Favory Convenience Food Group and Rabo Capital will own 39.4%. For Wessanen the transaction is cash neutral.

Executive Board Royal Wessanen nv
070600_SnackMerge_Closed_NL.pdf (83 Kb)
070600_SnackMerge_Closed_ENG.pdf (70 Kb)

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