Following the acquisition of French distributor "Taste Distribution", the "Carré Suisse" brand and industrialist "Cultures de France", Dislog Group announces that it has finalized the acquisition from 100% of shares in "Build a Better World - Chef Sam", a European distributor of food brands.
Chef Sam distributes brands such as Vitacoco, Pastoret, Heura, Trip, La Vie... and is also a shareholder in several FMCG companies, including Midnight, Chic&Love, Chipoys, Coliflow and Family Love, according to a Dislog press release.
This new milestone will enable the Moroccan FMCG and healthcare conglomerate to develop its industrial and distribution activities in Spain, Portugal, France, Benelux, Poland and the UK, we are informed.
With this acquisition, Dislog Group realizes its new strategic ambitions. The group's French activities, "Taste Distribution" and "Culture de France", will now be operationally attached to "Chef Sam" in Barcelona, which becomes Dislog's European headquarters, it has been announced.
It should be noted that this transaction was carried out with three European shareholders: Bernard Hours, Rafa Esteve and José Cano, three former directors of Danone Europe and the Nexus investment fund, for a net cash consideration of €40 million. The sellers will remain directors on the board of "BBW", which becomes "Dislog Europe" and will be chaired by Moncef Belkhayat.
Dislog Group, through Dislog Europe, consolidates its position as European distribution leader with 115 million euros in sales. The Group operates as a distributor in Spain, Portugal, France, Benelux, Poland, Romania and the UK, co-managed by Omar Bennis and Jone Cano.
"This acquisition is a further milestone for Dislog Group, as we move from a local company to a regional Moroccan group operating in 10 countries. Our challenge will be to achieve a successful south-north expansion, creating synergies and value for our country, our shareholders and our employees. On this occasion, I invite national manufacturers to consider exporting their brand via Dislog Group Europe, which becomes an export aggregator for national industry. Finally, I would like to welcome our 150 European employees to the Dislog Group family", said Moncef Belkhayat, CEO of Dislog Group, quoted in the press release.
Dislog Group was supported in this transaction by "Boughaleb & Associés / Cabinet Rhombus" on the financial side, and by "Hilmi Law Firm / Cabinet Rafael Palop Cabin et Galhis et Olivier Paquereau Cabinet Arst Avocats" on the legal side. Grant Thornton Spain is assisting the sellers.
Source : Dislog Group acquires 100% from Spanish company Chef Sam - Infomédiaire
