International fruit business Fyffes acquires majority stake in van Wylick
Japanese conglomerate Sumitomo is further expanding its influence in the international fruit business. Through its Irish subsidiary Fyffes, the Japanese company is increasing its stake in the long-established Düsseldorf-based company Fruchtimport van Wylick to 74 per cent. The shareholders Capespan and Gemüsering, who each held a 25 per cent stake, are withdrawing from the Düsseldorf-based company as part of the acquisition. The Allerding family of entrepreneurs will retain a 26 per cent share and the two brothers Dirk and Jens Allerding will continue to be responsible for the management of the company, according to a press release.
Van Wylick has 300 employees and achieves a turnover of EUR 272 million. For Fyffes this is the second major deal on the German market within a few months. At the end of October 2019, the fruit multinational has already secured exclusive ownership of the Hamburg-based fruit importer Internationale Fruchtimport Weichert.
Fyffes, the European market leader in the banana and pineapple business, has an annual turnover of EUR 1.46 billion.
This text was originally published in German and machine-translated into English.