Wessanen sells Karl Kemper

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 operating result.

Going forward, Wessanen’s Frozen Foods segment will focus on improving its position in the Benelux market.

Executive Board Royal Wessanen nv
091030_press_release_sale_KK_ENG.pdf (17 Kb)
091030_press_release_sale_KK_NL.pdf (18 Kb)

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