What’s Cooking? finalizes the acquisition of Sveltic, a producer of fresh and frozen ready meals located near Rennes (FR).
What’s Cooking? finalized the acquisition of 100% of the share capital of Sveltic, formerly part of the ‘Mousquetaires’ group (Intermarché and Netto retail stores) with production location close to Rennes. Sveltic has a turnover of approximately EUR 55 million and realized a normalized EBITDA of approximately EUR 4 million in 2024. Sveltic produces a wide range of fresh and frozen ready meals complementary to the product range of What’s Cooking? and fully aligned with the growth strategy of What’s Cooking?
Piet Sanders, CEO of What's Cooking? said, "We are delighted to welcome the Sveltic team to our family and are very much looking forward growing together. This acquisition fits perfectly with our growth strategy and will allow us to broaden our product range with the delicious products of Sveltic. We are looking forward to continuing the supply to Intermarché as well as growing the business with other customers.”
The transaction will immediately contribute to the EBITDA of the What’s Cooking Group. The enterprise value of the acquisition (on a cash free & debt free basis with normal working capital) amounts to EUR 29 million. The final purchase price is fully paid in cash.
We’re proud to present our Integrated Annual Report 2025 — a comprehensive overview of a landmark year in our transformation journey. A year in which we sharpened our focus, strengthened our foundations, and continued to build sustainable, profitable growth — day by day, side by side.
Acquisition in Rennes contributes immediately to the EBITDA result.
What’s Cooking? Group achieves remarkable strategic progress and reports significant improvement in results
