Belgium-based retailer Colruyt has announced plans to buy the majority of shares in Unifrais, the French buying organisation.
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The acquisition, which will be completed through Colruyt France, will see the group taking control of the 20-member buying group that specialises in the distribution of fresh products to the foodservice sector.
The group generates annual buying volumes of EUR200m (US$281.7m).
Via the deal, Colruyt France will acquire three Unifrais members: Sodifrais, RHC and Garnaud. A separate deal was signed yesterday (3 June) with a fourth Unifrais member, Pictafrais.
A spokesperson for the company confirmed: “We hope to increase our French sales volumes in the fresh segment. This is an important rationale for the acquisition.”
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By GlobalDataThe company also said that it hoped to create “commercial and logistic” synergies through the agreement.
The spokesperson declined to reveal the financial details of the transaction or put a figure to synergies expected.
