Dutch food manufacturer Wessanen has acquired French bio coffee manufacturer IneoBio, mainly known for its Destination brand.
Entirely organic
Wessanen and IneoBio already have an agreement in place surrounding the acquisition and it is expected the deal will be finalized in June. IneoBio’s 2015 turnover reached 21 million euro and it employs 76 people. Its manufacturing plant is located in the French city of Bordeaux. Everything in its product range is entirely organic and whenever possible, it has also obtained a fair trade certificate.
“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”, Wessanen CEO Christophe Barnouin said.
