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1 MIN READ

Netherlands: Wessanen to acquire dairy alternative brand Abbot Kinney’s

September 11, 2018
-
Europe, Food, Mergers & Acquisitions

Netherlands based multinational food company Wessanen has signed an agreement to acquire plant-based dairy alternative brand Abbot Kinney’s for an undisclosed sum.

According to a company statement, dairy alternative products are a core category for Wessanen and Abbot Kinney will be a good addition to Wessanen’s portfolio.

“Driving the change to plant-based food is the essence of our strategy”, commented Wessanen CEO Christophe Barnouin. “The acquisition of Abbot Kinney’s is a further step in accelerating growth and innovation in our core categories. Beyond drinks, the segment of plant-based yoghurt alternatives and ice-cream is an excellent and so far, mostly untapped growth opportunity for us. Abbot Kinney’s is a fast growing and innovative brand that has developed a range of strong products which we believe will thrive within the Wessanen family”.

Source: Wessanen

Tags
Abbot Kinney's
Wessanen
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Netherlands: Wessanen to acquire dairy alternative brand Abbot Kinney’s - Gama