Natur Food and Heliadis acquired by Haudecoeur
Context
Haudecoeur acquired Natur Food and Heliadis in July 2026, two family-owned businesses whose owners sold in full while their founders and senior managers stayed with the companies. The French group was backed by Apheon, LFPI and the founding Haudecoeur family, and the combined turnover of the three businesses should exceeded EUR 350m. Founded in 1932, Haudecoeur imports, produces and distributes world food: Maghrebi, Asian, African and Caribbean products, from rice and pulses to couscous, spices and prepared dishes. It sources them abroad, processes part of its range at its own plant in La Courneuve, and sells more than 1,500 product lines under its own brands to specialist grocers, supermarkets, foodservice operators and consumers, from warehouses in the Paris region and the south of France. The two acquisitions took the group outside France for the first time. Natur Food, based in Germany, supplies the Turkish community there, a population the group had not reached, and gave it a base from which to serve Turkish customers in France as well. Heliadis, based in Belgium, brought a foodservice customer base and a range of prepared sauces, a category Haudecoeur did not manufacture. World food distribution rests on sourcing and on knowing which products each community buys, which is built market by market: a distributor serving North African customers in France holds little of what is needed to serve Turkish customers in Germany. Acquiring established operators gave Haudecoeur both the supplier relationships and the retail listings that would have taken years to assemble.
Natur Food and Heliadis, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.5x in 2026).
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Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Haudecoeur
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2024 | APHEON / GROUPE LFPI | HAUDECOEUR | FRANCE | Food Retail |
| 10/2020 | HAUDECOEUR | PALAIS IMPÉRIAL | FRANCE | Coffee & Tea |
| 06/2019 | APHEON | HAUDECOEUR | FRANCE | Food Retail |
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REFERENCES
Revenue range: REV 1m EUR - 100m EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Natur Food and Heliadis by Haudecoeur are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: natur food and heliadis
Acquirer: haudecoeur
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