Acomo strengthens position in nuts market with acquisition of King Nuts and Raaphorst
Date:
Sep 29, 2010
New take-over strengthens 'Focus on Food' strategy Key points of the acquisition
Amsterdam Commodities N.V. (Acomo) announces a further step forward in its 'Focus on Food' strategy. The public listed trading company specialized in spices, tea, seeds and food ingredients has reached an agreement to acquire King Nuts Holding B.V., based in Bodegraven – The Netherlands. The company, a.k.a. King Nuts & Raaphorst (‘King Nuts’), is active in the trade and distribution of nuts and rice crackers. The take-over strengthens the existing group activities and contributes immediately to the earnings per share of the Acomo group.
- 100% acquisition of King Nuts from management and Friesland Bank Investments
- Third step in 'Focus on Food' strategy in 2010
- King Nuts is important player in trade and distribution of nuts and rice crackers
- Strengthening of existing activities of Acomo group companies Catz en Tovano
- Acquisition consideration € 18.4 million
- King Nuts & Raaphorst contributes immediately to earnings per share
Amsterdam Commodities N.V. (Acomo) announces a further step forward in its 'Focus on Food' strategy. The public listed trading company specialized in spices, tea, seeds and food ingredients has reached an agreement to acquire King Nuts Holding B.V., based in Bodegraven – The Netherlands. The company, a.k.a. King Nuts & Raaphorst (‘King Nuts’), is active in the trade and distribution of nuts and rice crackers. The take-over strengthens the existing group activities and contributes immediately to the earnings per share of the Acomo group.
