On April 30, 2021, our client LIPA Family has successfully divested Wouters, a Belgium-based company specialised in bakery ingredients and oils and fats products, in two separate transactions. The oils- and fats activities have been sold to Remia, whilst the bakery ingredients activities were sold to Royal Zeelandia Group. Both buyers are well-known family-owned companies, which are each market leader in their respective industries.
Through its customer-driven business-to-business approach, Wouters offers a broad assortment of oils and fats. The Company has gained a leading position in the Belgian foodservice market with well-known brands, such as Fribel, Bofri and Palmax. This acquisition provides Remia access to a widespread network of European, and especially Benelux, customers which will further strengthen its positioning.