Wessanen and Nazca have signed an agreement for the acquisition of Biogran for a purchase consideration of €67 million on a cash and debt free basis. Closing is expected later today.

Biogran owns a distributor of organic brands in Spain, El Granero, and has extended into the Grocery Trade with its Ecocesta brand. Main product categories are ambient organic/natural food such as cereals and rice cakes.

Christophe Barnouin (CEO of Wessanen): "The acquisition of Biogran broadens our geographic footprint and is a further step in the execution of our strategy and vision of becoming the leader of organic and sustainable food in Europe."

"Biogran gives us broad access to the growth potential in one of the most dynamic countries in the European organic market: the Spanish organic market has grown at double digit rates over the last few years."

Ronald Merck
Wessanen
Tel: +31 020 3122 126
ronald.merckx@wessanen.com
http://www.wessanen.com/