Utrecht, October 30, 2009
The Executive Board of Royal Wessanen nv announces that the business of Karl
Kemper GmbH, based in Borken, Germany, has been sold to a company owned by
funds managed by BPE Private Equity GmbH in Hamburg and members of today’s
management of Karl Kemper GmbH for an undisclosed amount, effective today. The
proceeds will be fully paid in cash.
Karl Kemper produces frozen meat, poultry and vegetarian meal components for
the German out-of-home channel. These activities demonstrate virtually no
synergies with our frozen snack activities in the Benelux. Karl Kemper
generated revenues of approximately EUR 28 million over 2008, and a break-even
Going forward, Wessanen’s Frozen Foods segment will focus on improving its
position in the Benelux market.
Royal Wessanen nv
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