Royal Wessanen has acquired Abafoods Srl
Royal Wessanen, a leading company in the European market for healthy and sustainable food based in Netherlands, has acquired a 100% stake in Abafoods Srl, a European expert in organic vegetable drinks based in Italy, for US$65 million.
Royal Wessanen is focussed on organic, vegetarian and natural ingredients as these are healthier and more sustainable. The company also focusses on fair trade sourced food. Operating mainly in the Benelux, France, Germany, Italy and the UK, Royal Wessanen manages and develops well-known local brands such as Allos, Alter Eco, Bjorg, Bonneterre, Clipper, De Rit, Kallø, Tartex, Whole Earth and Zonnatura.
Abafoods produces a range of cereal drinks using rice, coconut, almond, oat, spelt and soy. The company has strong R&D capabilities delivering new concepts and innovative packaging. It operates an advanced manufacturing plant in Badia Polesine (Italy) and owns and manages around 400 hectares of organic farm land in Italy to partly grow its raw materials. The company's Isola Bio brand is the leading one in vegetable drinks in Italian health food stores and is also exported successfully to a wide range of export countries.
Oaklins' teams in Italy and the Netherlands advised the buyer in this transaction. The Italian team has advised Royal Wessanen on several transactions over the years.
Talk to the deal team
Related deals
Sunrise Eggs has been acquired by Agrova International
Sunrise Eggs, one of the UK’s best-established independent egg producers and distributors, has joined Agrova International AS, a European poultry and agri-foods group.
Learn moreAgrova International has acquired Sunrise Eggs
Agrova International, led by its founder Jurijs Adamovičs, has acquired 100 percent of the shares in Sunrise Eggs, a UK-based egg production and distribution company. This acquisition significantly expands Agrova’s operational footprint and strengthens its position as a pan-European player in the egg and egg protein industry. The transaction was supported with funding from Accession Capital Partners (ACP), a growth capital provider with experience in the agriculture sector.
Learn moreRugenbräu AG has secured succession and remains locally owned
Two members of Rugenbräu AG’s management team, Remo Kobluk, CEO, and Christian Schneiter, head of finance and HR, together with Bernese entrepreneur Bernard Fuhrer, owner and CEO of Felsenau Brewery, and Bern-based attorney Dominique Gottret, have jointly acquired the traditional brewery in the canton of Bern. This transaction ensures that Rugenbräu AG remains in Bernese hands, led by individuals who have known the company for many years and share a close connection with it.
Learn more