The shareholders of Wholefoods Wholesale Ltd. have sold a 92% stake in the company to Total Produce PLC. Financial details have not been disclosed.
Wholefoods Wholesale is the leading distributor of high quality health products, including natural foods, vitamins and mineral supplements, to health food stores in Ireland.
Total Produce is Europe's largest fresh produce provider, with a continent-wide infrastructure of 90 strategically positioned depots operating in 13 countries. A complete fresh produce solution provider, Total Produce grows, sources, imports, packages, distributes and markets over 200 lines of fresh fruit and vegetables to the wholesale and retail trades. The acquisition gives Total Produce the opportunity to become involved in the high-growth health products sector.
Oaklins' team in Ireland advised the seller in this transaction. The team handled a formal auction of Wholefoods Wholesale, identified and negotiated with potential acquirors and managed the disposal process.
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