Consolidated results 2024: significant strategic progress and improvement in results
What’s Cooking? Group achieves remarkable strategic progress and reports significant improvement in results
What’s Cooking? finalizes the acquisition of Sveltic
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.
Nasze najnowsze wiadomości
What's Cooking Group completes sale of its Savoury business unit
What's Cooking Group NV (What's Cooking?), the leading European fresh food group with a wide product range in savoury cold cuts and ready meals, announced in October 2024 that it had agreed an intended sale to AURELIUS, a global alternative investor, of 100% of the share capital of What's Cooking Savoury Belgium NV and its subsidiaries in Belgium, the Netherlands, UK and Germany that produce and package savoury cold cuts (together the Strategic Business Unit (SBU) Savoury).
What's Cooking? announces the intent to purchase Sveltic in France
What's Cooking?, the leading European Fresh Savoury Food Group with a wide product range in Savoury cold cuts and Ready Meals, announced in October 2024 its intent to further invest in Ready Meals through organic growth and acquisitions.