View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 9, 2015

Wessanen completes US exit with ABC sale

Wessanen announced this morning (9 March) that it has completed its exit of the US and transitioned to a "pure player" in "healthy and sustainable food" after selling subsidiary American Beverage Corporation.

Wessanen announced this morning (9 March) that it has completed its exit of the US and transitioned to a "pure player" in "healthy and sustainable food" after selling subsidiary American Beverage Corporation. 

The move is part of Wessanen's strategy to grow its brands – including Bjorg, Allos, Alter Eco, Bonneterre, Clipper and Zonnatura – in the healthy and sustainable food market in Europe.

Christophe Barnouin, CEO, commented: "The divestment of ABC… is our final step in becoming a focused player in healthy and sustainable food in Europe. This is also what we are and what we stand for: making food that is good for people and our planet by focusing on organic, fair trade, vegetarian and good nutrition."

ABC was sold to Harvest Hill Beverage Co, a portfolio company of private equity group Brynwood Partners, for around US$55m on a cash and debt-free basis. 

Related Companies

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food