date:Jul 23, 2012
Wessanen has acquired the minority stake in Favory Convenience Food Group held by Rabo Capital. The partly deferred consideration for this 35.9% minority stake amounts to 5 million ($6 million).
A strategic review of the Frozen Foods business has led to the conclusion that further alignment and process integration between Favory and Beckers need to take place. Wessanen and Rabo have explored a number of potential routes and ownership structures to achieve this.
The outcome of this is that Wess