Eversheds Bianchini, the Italian offices of law firm Eversheds has advised multinational food company Wessanen on the acquisition of Abafoods for a purchase consideration of €52 million.

Founded and headquartered in the Netherlands, Wessanen is a leading company in the organic food market with operations in Europe and North America.

Abafoods is a European expert in organic vegetal drinks and a leading brand in Italy. It produces a range of cereal drinks using rice, coconut, almond, oat, spelt and soy. The company has strong R&D capabilities delivering new concepts and innovative packaging. It operates an advanced manufacturing plant in Badia Polesine (Italy) and owns and manages around 400 hectares of organic farm land in Italy to partly grow its raw materials.

The Eversheds team was led by Riccardo Bianchini Riccardi, Partner and Head of Corporate M&A in Italy, assisted by Associate Charlie Wright.

“Eversheds has a market leading consumer sector, advising some of the world’s largest food and drink companies. International M&A deals are a core part of the firm’s offering and it was a real pleasure to have advised Wessanen on this acquisition, which will help its continued growth across Europe.”