Wessanen to acquire Righi
Righi is a specialist brand in delicacies that cleverly combine all the most authentic Emilian flavors with today's trend of ready-to-serve in a matter of minutes.
04/07/05 The Executive Board of Royal Wessanen nv announces that an agreement has been reached with the founder and owner to acquire Righi S.r.l. based in Reggio Emilia, Italy.
Righi is a specialist brand in delicacies that cleverly combine all the most authentic Emilian flavors with today's trend of ready-to-serve in a matter of minutes. Established in Reggio Emilia, near Parma in Northern Italy , Righi is expected to achieve sales of between EUR 9 to 10 million in 2005. Its success is marked by constant growth and excellent sales results. First-rate hygienic and technological standards and high-quality ingredients make Righi's tortelli, savory tarts and pastries enticing culinary specialties.
The acquisition is a sound step in strengthening the Premium Taste portfolio of Wessanen. Righi's premium quality and authentic products, as well as the strong brand image, are a good addition to the current portfolio and will serve as a vehicle for further transformation of current Wessanen brands.
For Righi, Wessanen provides a platform for international growth and expansion into the retail and out-of-home channels. The Righi company will keep its full identity within the Wessanen group.
