Wessanen can receive an additional amount of up to €3.5m as part of an earn-out related to the 2014 EBITDA.
The closing of the deal is subject to approval by various anti-trust authorities, including the Dutch Authority for Consumers & Markets (ACM).
IZICO is a leader in the Benelux frozen snacks markets with its brands Beckers and Bicky, next to private label products. In 2013, it realised revenue of €103.3m, EBITDA of €9.0m and an operating result (EBIT) of €6.2m with on-average 389 employees.
Source: Royal Wessanen
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