Wessanen closes acquisition of Ineobio, an expert in organic coffee and tea and owner of the Destination brand
Wessanen has closed the previously announced acquisition of Ineobio.
Ineobio is an expert in organic coffees, teas and herbal infusions and is the owner of Destination, the leading brand in Coffee and Tea in French Health Food Stores. It operates an advanced manufacturing plant in Bordeaux (France) and also exports successfully to a wide range of countries. It has a broad range of high quality coffees as well as herbal, black and green teas and is 100% organic and where relevant, fair trade certified.
The acquisition of Ineobio/Destination is a further step in the execution of our strategy. Destination has great knowledge in the sourcing, blending and manufacturing of organic teas & coffees. It will strengthen our R&D and production capabilities to fuel the growth of our brands in Europe in this core category. It reinforces again our commitment to organic food as well as to the organic specialised trade : Ineobio and Wessanen are committed to organic food and sustainable farming.
For more information
Ronald Merckx (CFO)
Phone +31 (0)20 3122 126
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wessanen via Globenewswire