Royal Wessanen to divest IZICO frozen snacks business
Netherlands-based food company Royal Wessanen has said it has started preparations to divest IZICO, its frozen snacks business.
The company said it considered IZICO to be a non-core activity and plans to divest it “at a sensible speed”, although it said there was no specific timeframe in mind.
Royal Wessanen said in 2009 that it would exit all of its North American businesses, to concentrate on its European natural, organic and specialty food products.
The company first announced its intention to restructure its European and Frozen Foods business in July 2012.