BONABIO acquired by PROPOLIS DEVELOPPEMENT

Propolis Developpement has successfully acquired a 100% stake in Bonabio, marking another decisive step in its buy-and-build strategy to consolidate the French organic fresh produce distribution sector. This transaction represents a complete shareholder transition as the founding director executed his retirement succession plan, selecting a qualified strategic sponsor to guarantee corporate continuity and team stability. Prior to the final agreement, the transaction was conducted through a highly structured, competitive M&A auction process managed on the sell-side. From a strategic perspective, this build-up operation is highly complementary to Propolis Developpement’s existing asset portfolio, following its notable 2018 acquisition of Dynamis, a major player in organic and Demeter fruit and vegetable distribution. By incorporating Bonabio’s EUR 17 million revenue profile, specialized tropical fruit sourcing networks, and Rungis-based ripening infrastructure, the combined platform significantly scales its purchasing power and category expertise. The integration will unlock substantial logistical, operational, and commercial synergies, positioning the expanded group as a primary counterparty for specialized organic distribution networks.