European fresh food leader What’s Cooking? has announced its intention to acquire Sveltic.
Sveltic is a French producer of frozen and chilled ready meals. The deal, expected to close in the first half of 2025, is valued at approximately 35 million euros.
Sveltic, a subsidiary of Mousquetaires Group (which owns Intermarché and Netto retail stores), operates near Rennes, France, and generates over 50 million euros in annual revenue with an estimated EBITDA margin of 10 percent.
The acquisition will complement What’s Cooking?’s existing Prepared Meals portfolio and support its growth strategy, which combines organic development and acquisitions.
The transaction remains subject to regulatory approvals and consultations with employee representatives. What’s Cooking? also confirmed progress in selling its Savoury Spreads business.
