NETHERLANDS: Wessanen to sell off frozen snacks arm Izico

By Hannah Abdulla | 21 January 2014

Royal Wessanen hopes to sell off IZICO so it can focus on other areas of the business

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.

Show the press release

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

Sectors: Frozen, Mergers & acquisitions, Snacks

Companies: Wessanen

There are currently no comments on this article

Be the first to comment on this article

Related research

Royal Wessanen NV (WES) - Financial and Strategic SWOT Analysis Review

Royal Wessanen NV (WES) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased vi...

Global Syrups & Spreads Market: Merger and Acquisitions February 2014

The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global syrups & spreads market during February 2014....

Global Prepared Meals Market: Merger and Acquisitions February 2014

The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global prepared meals market during February 2014....

Related articles

NETHERLANDS: Wessanen offloads wholesale business

Wessanen has sold its organic wholesale business Natudis, Kroon and Hagor to Dutch wholesaler Vroegop Ruhe & Co.

NETHERLANDS: Wessanen loss narrows on lower costs

Wessanen reduced its net losses in fiscal 2013 thanks to lower operating costs and a reduction in financing expenses.

Editor's choice: the highlights on just-food last week

Mondelez International last week announced Nelson Peltz is set to join the company's board. The activist shareholder's investment fund disclosed the US billionaire has turned his focus away from campaigning Mondelez to merge with PepsiCo - and encourage the cola and crisps group to split in two.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page