Fyffes Expands in Germany
Fyffes, one of the largest tropical produce importers and distributors in Europe, has acquired 33.3% of Fruchtimport vanWylick, the German fresh produce distributor and service provider. VanWylick is one of the leading fresh produce companies in the German market with sales in excess of Eur200m. It has a network of banana ripening and distribution centres across Germany and sources produce globally for customers in the wholesale and retail trade. The business will continue to be managed by Dirk Allerding, Jens Allerding and Peter Malsbender. The Allerding family will retain a 33.3% stake in the company.
The remaining 33.3% was recently acquired by Gemusering Stuttgart, a fresh vegetable producer and marketer with its own production and processing operations throughout Germany. In 2010, Gemusering’s turnover exceeded Eur400m.
David McCann, chairman of Fyffes, says: “The investment in vanWylick represents an important development for Fyffes in the German market, with a significant opportunity for growth and it represents a continuation of our strategy of acquiring strong businesses in our sector. The association of vanWylick, Gemusering, Weichert and Fyffes in Germany will create new opportunities to provide comprehensive services to the wholesale and retail sector.”
