NETHERLANDS: Wessanen takes control of frozen food firm Favory
Dutch food group Wessanen has taken full control of frozen food maker Favory Convenience Food. It h…Dutch food group Wessanen has taken full control of frozen food maker Favory Convenience Food.
It has bought the 35.9% stake it did not already hold from Rabo Capital for EUR5m (US$6m).
Wessanen is looking to maximise the value of its non-core frozen food businesses ahead of a possible sale. It is increasing its focus on organic products in Europe.
The company said the move would allow greater integration between Favory and Beckers, Wessanen's other frozen food unit.