NL - Wessanen and Rabo Capital to merge frozen snack business

Royal Wessanen and Rabo Capital have come to an agreement with the intention to set up a new company that merges the activities of Habek Snacks and Wessanen in ragout rolls ('kroketten'), hamburgers, meat rolls (‘frikandellen’) and halal snacks. Wessanen will own 60.6% of the shares in the business while Rabo Capital will own 39.4%. The new firm will acquire Wessanen's private label frozen snack business and facilities in Bocholt and Tilburg as well as the business and the facility of Habek Snacks in Deurne.