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Netherlands based firm Machandel has sold its 40% share in the business to UK based food firm Windmill Organics, which has owned a 60% majority stake in the business since 2012.
Windmill Organics was founded in London in 1978 and sells products in 30 different countries, owning brands such as Biona, Bonsan, and Amisa, that can be found in large retail chains.
Windmill will now take full control of the business, which includes products like organic preserves, soups, sauces, oils, and butter under private label.
Karel Kramer, a manager at Marktlink, which advised Machandel on the deal, said: “There were two options: a complete acquisition by Windmill Organics or a joint sale to another party”. “We also had discussions about the desired structure and ultimately we were able to work out a successful transaction. This bolt-on acquisition is a great solution for the continuity of the company and for Windmill Organics”.
Windmill plans to invest to increase Machandel’s capacity and product range, sources say.
Source: Just Food
