AMSTELVEEN, Netherlands--(BUSINESS WIRE)--Jan. 20, 2003--The Executive Board of Koninklijke Wessanen, the international food group, today announced that an agreement has been reached with Hugli N.V., Switzerland, on acquiring 29.35% of the shares of Natudis B.V., Harderwijk. With this purchase Wessanen increases its stake from 41.30% to 70.65%. The remaining shares will remain in the ownership of Nico Broersen, managing director of Natudis B.V.
Natudis is the leading supplier and distributor of branded natural and health food products in the Netherlands. The company distributes approximately 10,000 different products to over 1,000 customers. With proprietary brands such as Natufood, De Rit, Ekoland and Molenaartje Natudis is market leader in the specialty store channel in the Benelux and ranks amongst the top three in Western Europe. In 2002, Natudis' annual sales amounted to approximately EUR 67 million.
The majority share of Wessanen perfectly fits the strategy of both companies, which is aimed at the marketing and distribution of healthy, natural food and specialties.
This transaction is subject to approval of the relevant competition authorities.
Koninklijke Wessanen nv is a Netherlands-based multinational food group operating in the European and North American markets. We market, distribute and produce wellness products that the consumer perceives to be natural and healthy, easy to prepare or tasty & indulgent. Knowledge of consumer trends and a clear emphasis on innovation form the basis for growth and continuity in all our businesses.