Acomo acquires leading position in worldwide Tea and Seeds Trade
Date:
May 11, 2010
Amsterdam Commodities N.V. (Acomo) has reached an agreement with N.V. Deli Maatschappij (Deli) to buy its tea and seeds businesses for a total consideration of about € 100 million. The trading house specialized in spices, nuts and food ingredients is doubling its size. By taking over the Van Rees Group en Red River Group of companies, Acomo is acquiring a leading position in the tea and seeds trade, with worldwide activities and offices on four continents. The proposed take-over, which is subject to shareholders’ approval, represents a breakthrough for Acomo which celebrated its 100 years of public listing at the Amsterdam stock exchange in 2008. The acquisition fits seamlessly with the company’s strategy defined in recent years, namely ‘Focus on Food’.
