Royal FrieslandCampina has announced the sale of its cream liqueur manufacturing business in Rijkevoort to investment company Wagram Equity Partners.

Called Creamy Creation, the business was established in 1979. It offers emulsified alcoholic drinks with dairy, soy or coconut bases, as well as nutritional beverages through its partner O-AT-KA.

Upon completion of the deal, Creamy Creation will continue to produce and sell cream liqueurs. Wagram will acquire both the company’s production site in Rijkevoort and sales office in Paramus, US.

“Upon completion of the deal, Creamy Creation will continue to produce and sell cream liqueurs.”

Wagram has agreed to produce canned cream for FrieslandCampina using the newly acquired facility.

Completion of the deal is subject to regulatory approvals and is expected to take place in the last quarter of this year. Royal FrieslandCampina plans to focus on its nutritional and functional solutions once the deal is complete.

In September last year, FrieslandCampina announced plans to invest €23m in an evaporated milk and ready-to-drink (RTD) milk plant in Nigeria, as part of its Dairy Development Programme (DDP).

Wagram Equity Partners focuses on investing in private companies through controlling ownership positions. The company has accrued an investment portfolio of €200m since it was founded in 1996.