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Wessanen expands dairy alternatives offering with acquisition

Dutch multinational food company Wessanen and the owners of Abbot Kinney's have signed and completed the acquisition of Abbot Kinney's by Wessanen.

Abbot Kinney's is described as a young and very dynamic innovation leader in organic almond and coconut based yoghurt alternatives and ice-cream.

Plant based food is at the heart of the Wessanen strategy, the company says, and dairy alternatives is one of its core categories, present across all key countries in Europe and beyond. Abbot Kinney's plant-based yoghurt alternatives and ice-cream are, it says, a welcome addition to Wessanen's dairy alternative category, which until now for the larger part consisted of ambient drinks. Moreover the brand is said to fit very well into Wessanen's existing portfolio of healthy and sustainable brands.

Christophe Barnouin, CEO of Wessanen, said: "Driving the change to plant based food is the essence of our strategy. The acquisition of Abbot Kinney's is a further step in accelerating growth and innovation in our core categories. Beyond drinks, the segment of plant based yoghurt alternatives and ice-cream is an excellent and so far mostly untapped growth opportunity for us. Abbot Kinney's is a fast growing and innovative brand that has developed a range of strong products which we believe will thrive within the Wessanen family."

Jimme Slippens and Gijs van Maasakkers, founders of Abbot Kinney's, said: "We are very enthusiastic joining forces with Wessanen. The past years we have worked hard to establish a brand that believes in an organic and plant based future of food; important beliefs that we also found at Wessanen. With a mission to make plant based dairy alternatives mainstream, we are certain that joining the Wessanen family will make Abbot Kinney's the leading brand on plant based dairy alternatives innovation in Europe."



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