Wessanen acquires plant-based dairy business Abbot Kinney’s
12 Sep 2018 --- Wessanen has acquired Abbot Kinney’s, a fast-growing and innovative leader in plant-based yogurt alternatives and ice-cream. Founded in 2014, Abbot Kinney’s already built a leading position in its category in Health Food Stores in The Netherlands and has started to establish a strong presence in key markets across Europe. The company is tapping into the increased demand for vegan products as more consumers seek out meat and dairy-free alternatives on supermarket shelves and while eating out. Plant-based food is at the heart of the Wessanen strategy and Dairy Alternatives is one of our core categories, present across all key countries in Europe and beyond. Abbot Kinney’s plant-based yogurt alternatives and ice-cream are a welcome addition to Wessanen’s Dairy Alternative category, which until now for the more significant part consisted of ambient drinks. Moreover, the brand fits very well into Wessanen's existing portfolio of healthy and sustainable brands, according to the company. Christophe Barnouin, CEO of Wessanen, says: “Driving the change to plant-based food is the essence of our strategy. 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 yogurt 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.” Jimme Slippens and Gijs van Maasakkers, founders of Abbot Kinney’s also comment: “We are very enthusiastic joining forces with Wessanen. The past years we have worked hard to establish a brand that believes in an organic and plant-based future of food; important beliefs that we also found at Wessanen. With a mission to make plant-based dairy alternatives mainstream, we are certain that joining the Wessanen family will make Abbot Kinney’s the leading brand on plant-based dairy alternatives innovation in Europe.” To contact our editorial team please email us at editorial@cnsmedia.com 
Related ArticlesFood Ingredients News Weekly Digest: Nestlé moves for sustainable energy, DuPont certification for POWERMill enzyme
16 Feb 2018 --- This week in business, there were several announcements made on the sustainability side, Nestlé’s ambition to procure 100 percent of its electricity from renewable sources is moving forward and Suiker Unie was awarded gold status by EcoVadis for the fourth consecutive year. Also this week, Mondelēz has made changes to its Board of Directors and President and CEO of GMA, Pamela Bailey, announced she would retire later this year following nearly ten years of leading the organization. DuPont received a patent certification on its POWERMill enzyme and was also recognized as first place in the most innovative food ingredient category at the Food Ingredients Innovation Awards 2017 in Brazil. Meanwhile, FrieslandCampina acquired all the remaining shares in Friesland Huishan Dairy (FHD). Business News Wessanen Buys Spanish Organic Food Manufacturer Biogran for $72 Million
07 Dec 2016 --- Wessanen, the Dutch food group, has acquired Spanish rice cake and cereal maker Biogran for €67m ($72m), heralding the potential for the Spanish organic market to outgrow other European countries. The deal forms part of Wessanen’s plans to become a dominant player in the European “sustainable” foods market. Business News Q3 Sales at Wessanen up Over Nine Percent
25 Oct 2016 --- Wessanen has reported that sales were up over nine percent to €137.5 million ($126m) in the third quarter, aided by strong demand for organic brands Bjorg and Bonneterre in France. Business News Wessanen Reports Jump in Revenues Despite “Disappointing” Sales in Germany
26 Jul 2016 --- Organic food specialist Wessanen has reported revenues were up nearly nine percent in the first half, despite a disappointing showing in Germany where recent innovations have failed to meet expectations. Food Ingredients News Wessanen Buys Dutch Tea Company
10 Feb 2016 --- Wessanen, the European organic and natural food company, has purchased the Dutch tea brand Piramide tea from the Organic Flavor Company. |
