Metro acquires Davigel España, from the wholesaler Sysco, and closes a long-term supply agreement

Thus strengthening the company's position in the country

This operation represents a great strategic advance for METRO in Spain since Davigel complements the company's activity and will provide access to all its customers and unique assortment categories, thus supporting the objective of sustainable and profitable growth and development in Spain.

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METRO takes control of Davigel Spain, company of FoodService (FSD) until now owned by the American wholesaler Sysco, to strengthen the company's strategy in the market Horeca in Spain, where it operates with the banner MAKRO.

 

Davigel Spain It was founded in 1988 and today offers supply to more than 4.000 customers, mainly in the islands. Balearic and Canary Islands. More than 70% of its clients are hotel chains, while independent restaurants and hotels represent around 30% of total sales. The company has the exclusive rights in Spain to the range of products from Sysco France, which consists predominantly of processed or ready-to-eat frozen products and as a complement to the acquisition, Sysco France, Davigel Spain and MAKRO Spain have signed a long-term agreement that includes access to Davigel's product catalogue.

 

In the words of Peter Gries, CEO of MAKRO Spain, "thanks to this agreement, MAKRO reinforces its objective of growth and sustainable development, taking advantage of growth opportunities in the sector and helping to facilitate the daily lives of the country's hoteliers." Both companies will seek synergies that allow them to strengthen the positioning of the group in Spain. “Davigel is the perfect ally to complement our products and services. We will work to generate great synergies between companies, thus consolidating our active role and that of METRO in the Spanish marketGries added.

 

 

As part of the operation, Sysco France, Davigel Spain and MAKRO Spain have signed a long-term agreement to supply frozen products in Spain

 

 

This addition fits perfectly with the METRO's strategic portfolio in Spain, and places MAKRO as a leader in hospitality distribution in the country. MAKRO has great regional capillarity, operating in 15 autonomous communities and serving more than 900.000 total clients in the country.

 

METRO thus continues its path towards the consolidation of the wholesale and retail markets. FoodService (FSD) in Europe. This acquisition is added to that of Aviludo in Portugal last October, positioning itself as the second major transaction of the year for the group.

 

This transaction, which is not subject to regulatory approval, was signed and closed on December 30, 2020. All parties have agreed not to disclose the financial details of the transaction.