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07/2026100%Add-on / Bolt-on

Natur Food and Heliadis acquired by Haudecoeur

GERMANY Food Processing / Food Products REV 1m EUR - 100m EUR

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).

-> Deep-dive in AgriFood market trends

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€1–100M
[members only]
[members only]
2025
€1–100M
[members only]
[members only]

Other operations with Haudecoeur

Other operations with Haudecoeur
DateAcquirerTargetCountrySector
11/2024APHEON / GROUPE LFPIHAUDECOEURFRANCEFood Retail
10/2020HAUDECOEURPALAIS IMPÉRIALFRANCECoffee & Tea
06/2019APHEONHAUDECOEURFRANCEFood Retail

Similar deals in Food Processing

Similar deals in Food Processing
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07/2026INTERSNACKUTZUNITED STATESFood Products
07/2026APHEONALMAFRANCEFood Products
07/2026ORKLATHE EUROPEAN CANDY GROUPNETHERLANDSFood Products
07/2026ARYZTASOCIÉTÉ EUROPÉENNE DES BEURRESFRANCEBakery / Pastry
07/2026PLATINUM EQUITY / NESTLEPERANEL EX NESTLE WATERFRANCESoft Drinks
07/2026SCANDI STANDARDGLENHAVEN FOODSIRELANDMeat & Cured Meat
07/2026VITA COCOCOPRAUNITED STATESSoft Drinks
06/2026FRENCH FOOD CAPITAL / BPIFRANCE / BNP PARIBAS DEVELOPPEMENTFABULOUS FRENCH BRASSEURSFRANCEWines & Spirits

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

FAQ

What transaction does this page cover?

This page covers Haudecoeur’s acquisition of 100% of Natur Food and Heliadis, a German company specialised in Food Products, in 2026, as an add-on transaction expanding an existing business platform.

How does the valuation of Natur Food and Heliadis compare to benchmarks in the AgriFood sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.5x EBITDA during 2026.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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