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”.