date:Jun 27, 2012
essanen said the divestment of ABC is in line with our strategy to focus on organic food in Europe with the clear vision to make our organic brands most desired in Europe, we previously labeled ABC as non-core.
Wessanen said the divestment is expected to be completed in the fourth quarter, and ABC will be reported as discontinued operations as of the second quarter 2012. Proceeds from the sale are expected to be used to further grow European activities, both autonomously and via add-on acquisiti