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

摘要

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. 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%.