ST. AUGUSTINE, Fla. — Royal Wessanen nv said it sold Tree of Life, the natural/organic food distributor based here, along with all but one subsidiary, to Kehe Food Distributors for $190 million cash, in a debt-free transaction. The agreement includes Tree of Life U.S., as well as Tree of Life Canada, which operates out of Calagary, Alberta. Only Panos Brands, a portfolio of 15 food brands, was not included in the sale, according to Wessanen officials, speaking from the Netherlands. Kehe, ...
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