Tree of Life Inc, a subsidiary of Wessanen, owns 45.2% of WFF shares.
This divestiture is the first step in Wessanen’s strategy to divest its North American branded and distribution businesses.
Liberty Richter specialises in the management of specialty food and beverage brands owned by third-party clients, a similar area of expertise to that of WFF.
Wessanen has outsourced the management of Liberty Richter to WFF since 2006. Liberty Richter generated revenues of approximately $31.5m and an operating result of approximately $1.8m over 2008.
Source: Royal Wessanen NV
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