Wessanen buys organic producer Danival
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After about nine years, the US company Hain Celestial is selling Danival, the French organic food producer. Wessanen, the new buyer describes this acquisition as the perfect addition to the other companies in the group.
Danival, the French organic food producer has a new owner. Their US owner, Hain Celestial has sold the company to Wessanen. The sale price has not been disclosed.
"We are very pleased to welcome Danival and its teams to Wessanen," Wessanen CEO Christophe Barnouin announced in a press release last week. Danival fits perfectly into our family of companies. The Dutch food company, whose companies include Allos and Tartex, among others, mainly invests in organic producers. With this acquisition, Wessanen wants to expand its presence in French organic shops and "strengthen our position in the veggie meals category with our own production facilities and local sourcing in southwest France", Barnouin announced.
Danival relies on local production for its organic products. The company says it has increased its workforce tenfold over the past ten years and today, Danival has almost 120 permanent employees. On their website, the French say that during their time at Hain Celestial they were able to develop their brand and products without any influence.
The organic investor bought Danival in 2011 and invested more than eight million euros in the French company. Growth is to continue under the new owner. "Our goal is to grow Danival's business further," Barnouin said.