Alpro, the Belgium-based soy food business up for sale, has secured interest from a number of unnamed parties, its owner told just-food today (27 February).
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Belgian food group Vandemoortele, which first announced plans to offload Alpro last month, is hoping it can sell the business by the summer.
“The intention is to close [the sale] before the summer,” Vandemoortele secretary general Dirk Durez said. “It is still possible.”
Dutch food group Wessanen has been named as a possible suitor for Alpro but Durez refused to name any of the businesses looking at the unit.
“I will not disclose any particular details of the interested parties,” he said. “The sale is progressing and is going on.”
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By GlobalDataWessanen was equally coy when contacted by just-food and refused to comment on whether it was interested in Alpro.
Marco Gulpers, senior equity analyst at ING, said an acquisition of Alpro would be a sensible move for Wessanen.
“It would obviously depend on price. It looks to be a EUR250-300m (US$315.7-378.9m) ticket but it makes sense for them,” Gulpers told just-food.
