Dutch food and nutrition group Royal Numico has announced that an extraordinary general meeting of shareholders has approved its acquisition of the Italian baby food company Mellin.
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The acquisition is expected to be completed in the second quarter of 2005, the company said.
The acquisition of Mellin represents an important step forward for Numico’s baby food strategy in Western Europe, Numico said. Mellin complements and significantly strengthens Numico’s existing operations in terms of product range, channel presence and market position. The resulting competitive number two position in the Italian baby food market provides Numico with the necessary platform and scale to drive growth in this underdeveloped and fragmented market.
