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Wessanen N.V.: Wessanen sells Righi
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Utrecht, December 31, 2009
Wessanen sells Righi
The Executive Board of Royal Wessanen nv announces that the business of Righi S.r.L., based in Reggio Emilia, Italy, has been sold to local management and an investment company for an undisclosed amount, effective today. The proceeds have been fully paid in cash.
Righi is specialized in the production of oven-ready frozen products, particularly those typical of the Emilian traditional cuisine. These activities have not led to synergies with our frozen snack activities in the Benelux. Righi generated revenues of approximately EUR 7 million over 2008.
Following the divestment of Karl Kemper in Germany and now Righi, Wessanen’s Frozen Foods segment will focus on improving its position in the Benelux market.
Executive Board
Royal Wessanen nv
About Wessanen Royal Wessanen nv is a multinational food corporation based in the Netherlands. We earn our revenues by sourcing, producing, marketing and distributing high-quality organic, natural and specialty food products in North America and Europe.
For more information, please contact Investor Relations; phone +31 (0)30 298 88 75; e-mail [email protected].
The 2008 Annual Report and Financial Statements are available on www.wessanen.com
Royal Wessanen nv
Corporate Communications
Beneluxlaan 9 . P.O. Box 2635
3500 GP Utrecht . The Netherlands
t +31 (0)30 298 88 75 . f +31 (0)30 298 88 16
[email protected]
www.wessanen.com
Chamber of Commerce . Amsterdam 33145851
Utrecht, December 31, 2009
Wessanen sells Righi
The Executive Board of Royal Wessanen nv announces that the business of Righi S.r.L., based in Reggio Emilia, Italy, has been sold to local management and an investment company for an undisclosed amount, effective today. The proceeds have been fully paid in cash.
Righi is specialized in the production of oven-ready frozen products, particularly those typical of the Emilian traditional cuisine. These activities have not led to synergies with our frozen snack activities in the Benelux. Righi generated revenues of approximately EUR 7 million over 2008.
Following the divestment of Karl Kemper in Germany and now Righi, Wessanen’s Frozen Foods segment will focus on improving its position in the Benelux market.
Executive Board
Royal Wessanen nv
About Wessanen Royal Wessanen nv is a multinational food corporation based in the Netherlands. We earn our revenues by sourcing, producing, marketing and distributing high-quality organic, natural and specialty food products in North America and Europe.
For more information, please contact Investor Relations; phone +31 (0)30 298 88 75; e-mail [email protected].
The 2008 Annual Report and Financial Statements are available on www.wessanen.com
Royal Wessanen nv
Corporate Communications
Beneluxlaan 9 . P.O. Box 2635
3500 GP Utrecht . The Netherlands
t +31 (0)30 298 88 75 . f +31 (0)30 298 88 16
[email protected]
www.wessanen.com
Chamber of Commerce . Amsterdam 33145851