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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.

NETHERLANDS: Wessanen to sell frozen units; posts Q3 loss

28 Oct 2009

Wessanen, the Dutch food group, is looking to sell two frozen food units, Karl Kemper and Righi, as part of an ongoing plan to focus on speciality and organic food in Europe.

Top stories on just-food this week

28 Aug 2009

The downturn has dampened the market for dairy commodities but there are rumblings that prices are on the way back up. This week, we looked at the movement in dairy prices and there is not, as yet, widespread agreement that a recovery is on its way - which would sour Irish cheese giant Glanbia, where more cost cuts look likely to offset falling dairy revenues. The near-term future is also uncertain at US organic food maker Hain Celestial, despite the optimism of the company's management. And, sticking with US organics, Wessanen, the owner of Tree of Life, told us that it had put the business on the block.

US: Wessanen puts Tree of Life on the block

24 Aug 2009

US natural and organic food group Tree of Life looks set to have a new owner by the end of the year after current Dutch parent Wessanen confirmed the business would be sold.

NETHERLANDS: Wessanen posts Q2 loss on US unit charges

29 Jul 2009

Wessanen, the Dutch food group, posted a significant second-quarter operating loss today (29 July), hit by impairment charges at its US beverage unit.

NETHERLANDS: Wessanen to dissolve contract with ex-CEO

29 Jul 2009

Wessanen, the Dutch food group, has announced its intention to dissolve the contract of its ex-CEO Ad Veenhof.

US: Financial irregularities found at Wessanen unit

15 Jun 2009

Wessanen, the Dutch food group, today (15 June) admitted that it has uncovered financial irregularities within one of its branded businesses in North America.

NETHERLANDS: Wessanen coy as US talk boosts shares

10 Jun 2009

Wessanen has refused to be drawn on whether it has started talks to sell its North American operations – as speculation over the Dutch food group's plans sent its shares soaring today (10 June).

Top stories on just-food this week

8 May 2009

China has once again been on the retail sector's lips this week.

NETHERLANDS: Wessanen eyes US sale to cut debts

6 May 2009

Wessanen, the Dutch food group, has told just-food that a sale of its North American operations would help the business to pay down rising debts and grow in Europe.

NETHERLANDS: Wessanen exceeds debt ratio, profits slump

5 May 2009

Dutch food group Wessanen saw its operating profit tumble during the first quarter of the year and admitted the business now exceeded an agreed limit on its debt ratio.

Top stories on just-food this week

24 Apr 2009

Tesco this week went some way to confound the critics – and inject a positive note into the doom and gloom enveloping the business community – with robust annual results and determination to press on with its US venture. Associated British Foods was another firm insisting its was making progress Stateside, while Nestle was upbeat after its first-quarter numbers. The Swiss food giant, meanwhile, has been touted as a possible buyer of soya brand Alpro, which remains on the block in Belgium. These are the top stories on just-food this week.

NETHERLANDS: Wessanen interim CEO gets job for another year

23 Apr 2009

Wessanen, the Netherlands-based food group, said today (23 April) that interim CEO Frans Koffrie would continue to lead the company for another year.

NETHERLANDS: Wessanen ponders US exit

22 Apr 2009

Dutch food group Wessanen said today (22 April) that it will start a review on whether to exit all North American businesses and focus on Europe in a bid to streamline its business.

BELGIUM: Private equity “withdraws from Alpro race” – report

22 Apr 2009

Private equity groups have reportedly withdrawn from the race to acquire Belgium soy milk and yoghurt maker Alpro Soya from Vandemoortele Group.

NETHERLANDS: Wessanen issues profit warning

3 Apr 2009

Dutch food group Wessanen today (3 April) warned that its first-quarter profits would be “significantly lower” than in 2008 due to competition in North America and Europe.

Top stories on just-food this week

3 Apr 2009

Once again, the issue of food safety reared its head in the US and once again, a nut maker is at the centre of the outbreak. The likes of PepsiCo, Kraft Foods and Kroger have pulled lines after the country's second-largest pistachio maker announced a recall over salmonella fears. In Europe, Bakkavor booked a loss for 2008 and Cadbury announced plans to close a gum plant in Spain. And, in Asia, Heinz entered India's cereal market. These are the top stories on just-food this week.

In the Spotlight - Wessanen

2 Mar 2009

Wessanen, the Netherlands-based food group, has a number of questions to answer after last week posting a drop in annual profits – and seeing the departure of its CEO. Industry watchers insist that, despite the downturn, Wessanen's focus on health food is correct but some believe an exit from the US market could help the company's core European business thrive.

BELGIUM: Alpro owner eyes summer sale

27 Feb 2009

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).

NETHERLANDS: Strategy clash led to Wessanen CEO exit

27 Feb 2009

Wessanen, the Dutch food group, today (27 February) admitted that differences among its top management over the future of the company had led to the departure of its CEO.

Top stories on just-food this week

27 Feb 2009

Cadbury sweetened the mood in the food industry this week with news of robust 2008 numbers and an optimistic outlook for the year ahead. However, Dutch food group Wessanen, which has operations on both sides of the Atlantic, had a rocky couple of days, with the departure of its CEO and the publication of mixed results. Here are the top ten stories on just-food this week.

NETHERLANDS: Wessanen profit down as CEO departs

25 Feb 2009

Dutch food group Wessanen posted a drop in fourth-quarter net profit this morning (25 February), one day after the group announced the departure of CEO Ad Veenhof.

NETHERLANDS: Wessanen to appoint board members

25 Feb 2009

Netherlands-based food group Royal Wessanen is to appoint Frank van Oers to its supervisory board at the company’s next annual general meeting on 22 April.

NETHERLANDS: Wessanen CEO steps down

24 Feb 2009

Royal Wessanen has announced that Ad Veenhof has stepped down as CEO, with immediate effect.

NETHERLANDS: North America brings cheer to Wessanen

28 Oct 2008

Rising sales in North America have boosted third-quarter revenue and earnings at Netherlands-based food group Wessanen.

FRANCE: Wessanen looks to acquire 100% of Distriborg

17 Oct 2008

Royal Wessanen has indicated its intention to acquire the remaining 0.4% of shares in French subsidiary Distriborg Groupe, bringing its holding in the group to 100%.







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