Dislog Group is committed to the acquisition of distributor BBW-Chef Sam for €40 million

Moncef Belkhayat, CEO of Dislog Group during the signing of the agreement. Credit: unlog

Moncef Belkhayat, CEO of Dislog Group, signs a binding offer in Madrid for the acquisition of 100% of BBW – Chief Sam of the Nexxus Iberia investment funds and founders Bernard Hours, Rafael Esteve and Jose Cano

According to the signature on January 15, when Dislog Group and Chef Sam came together for a merger and acquisition operation, Dislog Group today announces the signing in Madrid of a binding offer for the acquisition of 100% of BBW – Chef Sam from the funds of Nexxus Iberia Investments and founding shareholders Bernard Uren, Rafael Esteve and Jose Cano.

“Dislog Group continues its transformation project. Having successfully completed our industrial shift in Morocco and the business services sector, especially in the hygiene, food and healthcare sectors, we are ready to accelerate our international development, especially in Western Europe. Chef Sam is a great growth opportunity for our group. The management team consists of experts in the field of agri-food and will enable us to create synergies with our industrial and distribution interests in France from now on. said Moncef Belkhayat, CEO of Dislog Group

Note that Chef Sam is a distribution company, partner in 8 European countries of various brands such as Oatly, Vitacoco, Pastoret, Heura, Trip, La Vie…

Chef Sam is also a shareholder of several consumer products companies such as Midnight, Chic&Love, Chipoys, Coliflow or Family Love…

Chef Sam will achieve a turnover volume of 35 million euros (€ million) in Europe in 2023 and will record a growth of 20% in 2023. With this acquisition, the consolidated European sales volume forecast for 2024 is €75 million (€40 million forecast for Chef Sam and €35 million for Taste distribution)

The acquisition will be carried out for an amount of €40 million for 100% of the shares of BBW.

This operation is subject to obtaining permission from the competent authorities in Morocco, in particular the Office des Changes and the Competition Council.

Note that Dislog Group SA was supported in this transaction by Me Rachid Hilmi, Me Olivier Paquereau (Arst firm) and the accounting firm Boughaleb & Associés. BBW shareholders were supported in this transaction by the firms Grant Thornton Spain and V4 Financial Partners.