Wessanen has sold its distribution business Tree of Life UK to local firm Petty Wood & Co.
The Dutch food group said the deal, announced today (19 July) for an undisclosed sum, was part of a move to focus on “higher added-value wholesale activities” in Europe. In 2010, Tree of Life UK generated net revenue of EUR41m (US$58.1m).
In the UK, Wessanen also said the sale would allow it to focus on its branded grocery arm Kallo Foods, which sells brands including Kallo and Whole Earth.
Officials at Petty Wood could not be reached for immediate comment.
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