AMSTERDAM (Reuters) - Dutch food group Wessanen said on Tuesday it has started the sales process of its U.S. drinks subsidiary ABC, which it had already marked as non-strategic.
Wessanen, which wants to focus on organic food in Europe, said in a statement it expected to finalize the divestment in the fourth quarter of this year. Moelis & Company is handling the sales process.
In September, Wessanen postponed plans to sell ABC, hoping to cash in on improved profits thanks to strong demand for its ready-mix cocktails and fruit smoothies.
(Reporting by Gilbert Kreijger; Editing by Chris Gallagher)
