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Europe
 

17/12/14

Europe: Wessanen Acquires Abafoods and Sells French Wholesaler

16/12/14

Germany: Hugli Moves in on PrimaVita

27/11/14

Sweden: Growth in Organic Meat Production

 

 

17/12/14

Europe: Wessanen Acquires Abafoods and Sells French Wholesaler

The Dutch food company Wessanen has agreed to purchase Italian organic beverage company Abafoods for EUR 52 million in cash.

Abafoods specialises in making dairy alternatives from rice, coconut, almond, oat, spelt and soy. It is a leading brand in Italian organic food shops.

Commenting on the acquisition, Wessanen CEO, Christophe Barnouin, said it was a major step in the execution of the company's strategy that is focused on organic food in Europe.

Abafoods generated revenue of EUR 27 million in 2013. The company expects EUR 39 million revenues this year, and earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR 6 million. Completion of the transaction is expected in January 2015.

In another move, Wessanen is selling its French wholesale business Bio-Distrifrais to an entrepreneur. Bio-Distrifrais is a French wholesaler of organic fruits and vegetables that reported EUR 19 million revenues in 2013.

The company said the deal was "in line with Wessanen's strategy of further building its own brands such as Bjorg, Allos, Alter Eco, Bonneterre, Clipper and Zonnatura in the sustainable food market in Europe".

In October, Wessanen said it had once again started a process to try to sell US drinks business ABC, which it hopes to complete "in the coming months". A disposal would, the company said, make it a "pure player in healthy and sustainable food". Wessanen has attempted in the past to offload ABC but has so far failed to find a buyer.

OM Comment
The purchase of Abafoods is the latest in a string of acquisitions by Wessanen. By adding established brands like Abafoods, Clipper and Alter Eco to its portfolio, the Dutch company has built a pan-European presence. It is one of the few large companies that has a strong foothold in the European organic food industry. However, there is a question mark about synergy between its various businesses. Expect to see more such deals from Wessanen in 2015.

   

Source: SeeNews Italy / News Release / OM

 

 

16/12/14

Germany: Hugli Moves in on PrimaVita

The Swiss company Hugli Holding AG is expanding its presence in the organic food sector by acquiring primaVita GmbH. The purchase is occurring via Hugli's German subsidiary Heirler Cenovis GmbH.

The German company primaVita GmbH is a producer of natural cosmetics and organic foods. It owns a number of organic food brands, such as Eden and Granovita. Eden has a range of organic and vegan products, such as vegetable and fruit juices, delicatessen and tomato sauces to seasonings. GranoVita has cereals, muesli, vegetarian sausage and meat substitutes, as well as bread spreads. primVita generates about EUR 17 million sales revenues.

The transaction is expected to occur in January 2015, with part of primaVita sales staff moving to the Radolfzell site of Heirler Cenovis. The Hugli subisidiary is a producer and distributor of soups, sauces, bouillons, dairy and meat substitute products.

Related Report: #1002-40 The European Market for Organic Food & Drink

Source: News Release

 

 

27/11/14

Sweden: Growth in Organic Meat Production

Production of organic meat is increasing in Sweden. In 2013, organic beef production increased by 11% to more than 15% of all beef volumes, whilst organic lamb production rose by 6% to around 20% of all lamb volumes.

The market shares of organic pork and organic chicken were not higher than 2% and 0.3% of total pork and chicken production respectively, according to a report from the Swedish Board of Agriculture (Jordbruksverket).

A price survey by the Swedish pensioners' organisation PRO finds the cost of a conventional basket of groceries in Sweden is SEK 144 (EUR 15.38) cheaper than a basket of organic food groceries. This is the first time it has compared prices for organic and conventional foods.

Sweden has the largest market for organic foods in the Nordic region. According to KRAV, organic food and drink sales are projected to rise above EUR 1 billion this year.

Sustainable meat production, as well as competing sustainable proteins, are featured in the Sustainable Foods Summit. The next edition of this international series of summits will be hosted in San Francisco on 21-22 January 2015. More details are on the website

Related Article: Consumer Behaviour Key to Success of Sustainable Proteins

Source: Göteborgs Posten / Esmerk
 

 

 

 

 

 

 

 

 

 

 

 

 

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