Following the January 15 signing of a binding offer for the acquisition of 100% of BBW/Chef Sam from investment funds Nexxus Iberia and founding shareholders Bernard Hours, Rafael Esteve and Jose Cano, Dislog Group and Chef Sam have agreed on an M&A transaction. The acquisition will be carried out at a cost of 40 million euros for 100% of BBW shares, the group announced in a press release.
Contacted on this subject, Dislog Group CEO Moncef Belkhayat declared: "Dislog Group is continuing its transformation project. Having successfully completed our industrial turnaround in Morocco and our move into business services, particularly in the hygiene, food and health sectors, we are now ready to accelerate our international development, particularly in Western Europe. Chef Sam is an excellent growth opportunity for our Group. The management team is made up of experts in the agri-food sector and will enable us to create synergies with our industrial and distribution holdings in France as of now".
Chef Sam is a distribution company and a partner in 8 European countries of several brands such as Oatly, Vitacoco, Pastoret, Heura, Trip, La Vie... Chef Sam is also a shareholder in several consumer product companies such as Midnight, Chic&Love, Chipoys, Coliflow or Family Love...
Chef Sam achieved sales of €35 million in Europe in 2023, and posted growth of 20% in 2023. With this acquisition, consolidated sales in Europe in 2024 are forecast at €75 million (€40 million forecast for Chef Sam and €35 million for Taste Distribution).
This transaction is subject to approval by the relevant Moroccan authorities, notably the Office des Changes and the Conseil de la Concurrence.
Dislog Group S.A. was supported in this transaction by Rachid Hilmi, Olivier Paquereau (Arst) and the accounting firm Boughaleb & Associés. BBW shareholders were assisted in this transaction by Grant Thornton Spain and V4 Financial Partners.
source : Dislog Group acquires European distributor BBW-Chef Sam - Infomediaire