Wessanen

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NETHERLANDS: Wessanen looks to appoint Merckx as CFO

3 Mar 2011

Dutch food maker Wessanen has lined up childcare executive Ronald Merckx as its CFO.

NETHERLANDS: Wessanen shares fall despite losses narrowing

24 Feb 2011

Dutch food group Wessanen saw its shares fall this morning (24 February) despite the company's losses narrowing in the fourth quarter of 2010 and over the year as a whole.

FRANCE: Organic firm Lea Nature buys stake in Ekibio

4 Jan 2011

The holding company controlling French organic products maker Léa Nature has bought a 33% stake in rival Ekibio.

NETHERLANDS: Wessanen sells US unit Panos

20 Dec 2010

Dutch food group Wessanen has sold its US subsidiary Panos to private-equity firm High Road Capital Partners Fund.

NETHERLANDS: Wessanen CFO to step down next year

3 Dec 2010

Dutch food group Wessanen said today (3 December) that CFO Frans Eelkman Rooda will step down from his role next year.

NETHERLANDS: Wessanen to repay Kehe part of Tree of Life proceeds

1 Dec 2010

Dutch food group Wessanen has been ordered to repay Kehe part of the price the US firm paid for US organic food business Tree of Life.

NETHERLANDS: Wessanen shares slide after Q3 numbers

28 Oct 2010

Dutch food group Wessanen today (28 October) insisted its third-quarter numbers had met expectations despite a drop in operating profit - although its shares fell on the news.

UK: Plum Baby boss joins Wessanen arm Kallo Foods

10 Sep 2010

Kallo Foods, the UK organic and wholefoods arm of Dutch food group Wessanen, has appointed former Plum Baby boss Patrick Cairns as CEO.

NETHERLANDS: Wessanen posts gloomy outlook for H2 2010

29 Jul 2010

Shares in Dutch organic food specialist Wessanen were down over 4% this afternoon (29 July) following its negative outlook for the second half of 2010.

FRANCE: Wessanen extends Bjorg baby-food range

14 Jun 2010

Dutch food group Wessanen has expanded its range of baby-food products on sale in France under the Bjorg brand.

just the facts – private-equity M&A in food

6 May 2010

Earlier this week, US private-equity firm Warburg Pincus agreed to acquire UK discount retailer Poundland, while UK peer Langholm Capital backed a management buy-out of UK herbs business Barts Spices. Here we take a look at other recent private-equity acquisitions in the food industry.

Quote, unquote: just-food's week in words

30 Apr 2010

The industry saw a raft of quarterly results this week from Unilever, Safeway Inc, Kellogg, Chiquita and Premier Foods plc, among others. Unilever CEO Paul Polman adopted a typically cautious tone, despite an acceleration in sales and volumes, while Safeway CEO Steve Burd remained more upbeat on profits despite a tumble. Sodium reduction once again appeared on the menu as the CSPI hit out at US companies that have not yet joined the New York initiative to cut salt, while Kraft and Heinz both pledged targets for mayor Michael Bloomberg’s programme. Here is a selection of who said what about the top stories in the food sector this week.

On the money: Wessanen buys Dutch organic firm Kroon

29 Apr 2010

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.

NETHERLANDS: Wessanen Q1 losses widen

29 Apr 2010

Dutch food group Wessanen today (29 April) reported widening first-quarter losses despite improved sales as finance costs hit the bottom line.

What will the recovery mean for organic in the UK?

12 Apr 2010

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.

NETHERLANDS: Wessanen completes equity offer

9 Mar 2010

Dutch food group Wessanen has raised EUR18.4m (US$25m) through an equity offering.

Quote, unquote: just-food's week in words

26 Feb 2010

The news today (26 February) that Diamond Foods is to buy crisp maker Kettle Foods garnered some positive reactions from the analyst community.

On the money: Wessanen talks up potential of organic food

25 Feb 2010

Wessanen CEO Frans Koffrie today (25 February) insisted organic food has long-term potential in Europe as the Dutch food group looks to rebuild after a tumultuous 2009.

NETHERLANDS: Wessanen posts 2009 losses

25 Feb 2010

Dutch food group Wessanen this morning (25 February) reported a loss of EUR219.7m (US$296.1m) for 2009, a turbulent year for the Kallo rice cakes and Whole Earth organic food maker.

Quote, unquote: just-food's week in words

15 Jan 2010

As the clock ticks down in the pursuit of Cadbury, the UK group sent a messge to would-be bidder Hershey that the business deserves a "great price". Kraft Foods, meanwhile, facing an investment community that believes it needs to up its offer, said it can grow without Cadbury. In the retail sector, UK stakeholders argued over the prospect of a supermarket ombudsman, while the bosses of Carrefour and Delhaize were keen to explain why their restructuring programmes would pay off. Here is a list of who said what this week.

COMMENT: Dutch courage needed at wobbly Wessanen

15 Jan 2010

Dutch food maker Wessanen this week looked to kick off 2010 with confidence and announced it had found a permanent CEO, as well as outlining its plans to build in Europe. The markets, however, were unconvinced and the company's shares slid in consecutive days. Dean Best reports.

NETHERLANDS: Wessanen aims to be "organic champion"

13 Jan 2010

Dutch food group Wessanen today (13 January) set a target of being the "organic food champion" in its European markets as the business continues to offload its operations in the US.

NETHERLANDS: Sara Lee exec named Wessanen CEO

13 Jan 2010

Dutch food group Wessanen, which is busy exiting the US to focus on the European market, has named Sara Lee executive Piet Hein Merckens as chairman and CEO.

UPDATE: NETHERLANDS: Wessanen dips as Tree of Life sale disappoints

23 Dec 2009

Shares in Dutch organic group Wessanen fell in morning trade today (23 December), after the company announced that it had sold Tree of Life for a price that fell short of market expectations.

Sustainability moves up the agenda as brighter 2010 beckons

23 Dec 2009

In spite of the global downturn, 2009 turned out to be an eventful year for the food industry. Economic recovery, albeit a slow and slightly faltering one, should bring equally if not more interesting times. Ben Cooper looks at what is likely to be dominating the headlines in the coming year.

US: Wessanen sells Tree of Life to Kehe

23 Dec 2009

Dutch food group Wessanen announced this morning (23 December) that it has reached a deal to sell its US organic unit Tree of Life to Kehe Food for US$190m.

2009's highs and lows - the manufacturers

18 Dec 2009

The food industry is one of the sectors most resilient to economic downturns but 2009 has not been without its challenges for the world's leading manufacturers. The turmoil seen on the financial markets in late 2008 gave way to a deep recession in 2009, where credit remained scarce and manufacturers like Uniq, Bakkavor and Dairy Farmers of Britain faced financial problems - with the latter going to the wall. Some food makers, however, have thrived. Read on for which companies just-food feels had a good 2009 - and which suffered.

NETHERLANDS: Uncertainty over Wessanen as shares yo-yo

18 Dec 2009

Speculation over the future of Wessanen is growing after volatility in the Dutch food group's share price in the last 24 hours.

US: Wessanen sells Liberty Richter to World Fine Foods

20 Nov 2009

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.

NETHERLANDS: Wessanen sells Karl Kemper to private equity

30 Oct 2009

Wessanen, the Dutch food group, has successfully offloaded its German frozen meat business Karl Kemper.

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