NETHERLANDS: Wessanen to sell off frozen snacks arm Izico
Royal Wessanen hopes to sell off IZICO so it can focus on other areas of the business
Dutch food firm Wessanen has announced it is to sell frozen snacks unit Izico.
Wessanen said Izico was a "non-core activity". It wants to sell the business, which sells snacks under the Beckers and Bicky brands, as well as private label, at a "sensible speed", athough the company said no specific time-frame has been determined.
Wessanen is looking to focus more on the natural and organic sector. Its portfolio includes brands like Kallo rice cakes and Whole Earth peanut butter.
The company further emphasised its focus on the organic sector in 2013 with the purchase of French-based organic and fairtrade food firm France Alter Eco for an undisclosed sum.
Royal Wessanen announces that it has commenced preparations for a divestment of IZICO, its frozen snack activities.
As indicated before, IZICO is considered to be a non-core activity and we are to divest at a sensible speed. No specific timeframe has been determined.
Original source: Wessanen
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