Wessanen acquires Biogran, the leading manufacturer and distributor of organic brands in Spain

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05/12/2016 15:54
Wessanen acquires Biogran, the leading manufacturer and distributor of organic brands in Spain. 5 dec. 2016

Wessanen and Nazca have signed an agreement for the acquisition of Biogran for a purchase consideration of €67 million on a cash and debt free basis. Closing is expected later today.

Over the last few years, Biogran has recorded strong growth in both Health Food Stores as well as in Grocery Trade in Spain. In 2015, net revenue amounted to €27 million. In 2016, net revenue is expected to grow to €32 million with an EBITDA margin of close to 17%.

Biogran owns the leading organic brand in Spain, El Granero and has very successfully extended into the Grocery Trade with its Ecocesta brand. Main product categories are ambient organic/natural food such as cereals and rice cakes.

Christophe Barnouin (CEO of Wessanen): "The acquisition of Biogran broadens our geographic footprint and is a further step in the execution of our strategy and vision of becoming the leader of organic and sustainable food in Europe.We are very pleased to welcome Biogran to the Wessanen family of leading organic and sustainable food companies. Biogran gives us broad access to the growth potential in one of the most dynamic countries in the European organic market: the Spanish organic market has grown at double digit rates over the last few years. The acquisition of Biogran represents a major growth opportunity for Wessanen to develop our business in the country".


d.d. 6 dec. 2016
Wessanen krijgt advies verbeteringen van verschillende partijen.

tijd 10.49
Wessanen EUR 11,97 +44ct vol. ruim 160.000



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