The Amstelveen-based multinational food giant Koninklijke Wessanen has sold the operations of its UK dry soups subsidiary Telford Foods to Brand Partnership (Holdings) Ltd.
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Wessanen explained that the divestiture of Shropshire-based Telford Foods is the next step in the implementation of its wellness strategy, focusing on natural and specialty foods. The production of dry soups no longer fits in with this strategic focus.
Annual sales of Telford Foods amounted to about €24m (US$24.25m) in 2001 with a limited negative result. The activities were sold with a modest book loss.
The Leeds-based buyer, Brand Partnership, specialises in the production of dried food components.
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By GlobalData
