Metro Group has announce the acquisition of Pro à Pro, a food service distribution company, from Belgium’s Colruyt Group.
The acquisition, which is pending approval by regulatory authorities, has about 42,000 customers in France, in the HoReCa sector.
“Food Service Distribution is a strategic growth driver for the wholesale business of Metro Cash & Carry”, says Olaf Koch, Chairman of the Management Board of Metro AG.
“Following the acquisitions of Classic Fine Foods and Rungis Express we are now also further extending the service offering for our customers in the important French market with the takeover of Pro à Pro. With this move, we not only expand our market presence but, most of all, we also enhance our customer relevance. In total, we have gained a FSD sales volume of more than €1 billion within the past twelve months with these three acquisitions.”
The transaction comprises the operational business as well as the warehouse locations, logistics platforms and the truck fleet of Pro à Pro. The value of the deal has not been disclosed.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.
