US: Wessanen sells Liberty Richter to World Fine Foods
Dutch food group Wessanen has claimed "the first step" in its plans to offload its branded and distribution operations in North America with the sale of US food importer Liberty Richter.
Wessanen, which is in the throes of a company-wide revamp in a bid to focus on Europe, said today (20 November) it had sold Liberty Richter to US distributor World Fine Foods for an undisclosed sum.
World Fine Foods has had management control of Liberty Richter since 2006 after an outsourcing deal with Wessanen.
The distributor's links with Wessanen run deeper; Tree of Life, the US natural and organic food group owned by Wessanen, owns a 45.2% stake in World Fine Foods.
Wessanen, meanwhile, is looking to sell Tree of Life by the end of the year. Last month, when the Dutch food group announced plans to sell two European frozen food units, Karl Kemper and Righi, it said its ambition to sell Tree of Life was "progressing according to plan".
Officials at Wessanen could not be reached for immediate comment.
As the UK economy recovers, albeit slowly, there are signs that consumer behaviour is returning to "normal". There are questions, however, over how the organic food sector will arrest a slump in sales...
Dutch food group Wessanen has bought local organic business Kroon as it begins a strategic push into the sector at home and in European markets....
Dutch food group Wessanen has raised EUR18.4m (US$25m) through an equity offering....
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- UK own-label firm Park Cakes sold in MBO
- Unilever 'lining up spreads sale'
- Kraft Heinz cuts jobs in US, Canada
- Immigration crackdown "risk" for US dairy industry
- Fonterra cuts earnings forecast