CANADA: Fleury Michon acquires Delta Dailyfood

French delicatessen group Fleury Michon has acquired Canada’s Delta Dailyfood, which specialises in frozen ready meals.

The Montreal-based firm employs close to 300 staff and is expected to post a 2006 turnover of EUR28m (US$35.75m) compared to EUR25m last year.

Dutch co-operative Cebeco set up Delta Dailyfood in 1999. Three-years later the company was sold to three of the company’s managers. The latter are staying on following this latest takeover.

Fleury Michon is looking to develop the production of its new subsidiary’s towards the fresh ready meals segment, which is enjoying strong growth in the Canadian supermarket sector.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData

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Free Report

What’s the forecast for the food and grocery industry?

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData