ACOMO SUBSIDIARY HAS BEEN SUMMONED BY SUPPLIER IN RELATION TO TERMINATED BUSINESS RELATIONSHIP AND CONTESTS CLAIM
ROTTERDAM (NL), 07 FEBRUARY 2023
Today, ACOMO N.V. ('Acomo'), the Euronext Amsterdam-listed natural food products and ingredients Group, announces that a claim has been filed with the Dutch court against Tradin Organic Agriculture B.V., one of its subsidiaries. The supplier is seeking damages in relation to a terminated business for the supply of organic products.
Based upon thorough legal analysis and advice obtained by Acomo, it does not believe the claim has merit. Acomo strongly contests all allegations and will respond in court. The total claim amounts to approximately EUR 55 million.
The legal proceedings are not expected to affect the Group's day-to-day operations.
This press release contains information within the meaning of Article 7(1) of the European Market Abuse Regulation (596/2014).
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For further information, please contact:
ACOMO N.V.
Creative Venue PR
Mrs K.L. Fortmann
Mr F.J.M. Witte, spokesperson
WTC, Beursplein 37
Sophialaan 43
3011 AA Rotterdam
1075 BM Amsterdam
The Netherlands
The Netherlands
info@acomo.nl
f.witte@creativevenue.nl
Tel. +31 10 4051195
Tel. +31 20 4525225
www.acomo.nl
www.creativevenue.nl
PRESS RELEASE
ROTTERDAM (NL), 07 FEBRUARY 2023
About ACOMO N.V.
ACOMO N.V. is an international group with as its principal business the sourcing, trading, treatment, processing, packaging and distribution of conventional and organic natural food products and ingredients. Our main trading subsidiaries are Catz International B.V. in Rotterdam, the Netherlands (spices and food raw materials), The Organic Corporation B.V. in Amsterdam, the Netherlands, and Tradin Organics USA LLC in Scotts Valley, USA (organic ingredients), Royal Van Rees Group B.V. in Rotterdam, the Netherlands (tea), Red River Commodities Inc. in Fargo, USA, Red River Global Ingredients Ltd. in Winkler, Canada, Red River-van Eck B.V. in Etten- Leur, the Netherlands, Food Ingredients Service Center Europe B.V. in Etten-Leur, the Netherlands, and SIGCO Warenhandelsgesellschaft mbH in Hamburg, Germany (edible seeds), King Nuts B.V. in Bodegraven, Delinuts B.V. in Ede, and Tovano B.V. in Maasdijk, the Netherlands (nuts), and Snick EuroIngredients N.V. in Ruddervoorde, Belgium (food ingredients). Acomo shares have been traded on Euronext Amsterdam since 1908.
PRESS RELEASE
ROTTERDAM (NL), 07 FEBRUARY 2023
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ACOMO - Amsterdam Commodities NV published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2023 17:38:06 UTC.
ACOMO N.V. is an international group of companies that sources, trades, treats, processes, packages and distributes conventional and organic food products and ingredients for the global food and beverage industry.