Swedish supermarket chain ICA today (22 February) said that its board of directors had decided to sell its food supplying unit Menyforetagen AB.

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The move is the result of transformation and consolidation of the Swedish restaurant and catering sector, according to a report in Swedish News Digest. The disinvestment will allow ICA to focus on its core retail operations.


ICA has employs 900 and has an annual turnover of SWC4bn ($507m). The company has distribution centres in seven locations and 22,000 clients across Sweden.


ICA is a joint venture, 40% owned by Hakon Invest AB and 60% by Dutch retailer Royal Ahold NV.

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