Sector News

FrieslandCampina sells its Creamy Creation cream liqueur unit

April 18, 2019
Food & Drink

Get involved in the discussion! Click here to comment on this story

FrieslandCampina has opted to offload its Creamy Creation cream liqueur manufacturing business to Wagram Equity Partners, a Dutch private investment company.

Founded in 1979, Creamy Creation is based in Rijkevoort, the Netherlands and the company is a leading producer of alcoholic cream liqueurs, which are available to customers in several international markets.

FrieslandCampina has agreed to the sale as the unit no longer formed part of the company’s long-term business strategy. In a statement, the company said that it wanted “to focus more on nutritional and functional solutions with its ingredients.”

According to FrieslandCampina, the transaction includes the Creamy Creation production site in Rijkevoort, as well as a sales office in New Jersey, US.

As a condition of the transaction, Wagram will start producing canned cream for FrieslandCampina at the Rijkevoort site.

The deal is subject to regulatory approvals, and is expected to close before the end of 2019.

By Martin White

Source: FoodBev

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 15, 2019

Snacks are officially the new meals, Mondelez report finds

Food & Drink

LinkedIn Twitter FacebookWould you be willing to give up social media for a month to have your favorite snack every day? What about your cell phone? Three in 10 adults […]

November 15, 2019

Harald Ullevoldsæter named Orkla chief financial officer

Food & Drink

LinkedIn Twitter FacebookOrkla has appointed Harald Ullevoldsæter as its new chief financial officer, effective 1 March 2020, to replace Jens Bjørn Staff. Ullevoldsæter, 56, returned to Orkla earlier this year […]

November 14, 2019

JM Smucker announces chief financial officer succession plan

Food & Drink

LinkedIn Twitter FacebookJM Smucker has announced that its CFO Mark Belgya will retire on 1 September 2020, to be replaced by Tucker Marshall, the company’s vice president of finance. Marshall […]

Subscribe to our Weekly Newsletter

We're easy to reach