mynth
← DATABASE
07/2026

SOCIÉTÉ EUROPÉENNE DES BEURRES acquired by ARYZTA

FRANCE Food Processing / Food Products / Bakery / Pastry REV 1m EUR - 100m EUR

Context

Aryzta has acquired Société Européenne des Beurres through its French subsidiary Coup de Pates, completing the purchase of the distributor's entire share capital. SEB, founded in 1973, has served as the exclusive distributor for Aryzta's Coup de Pates and La Carte d'Hubert brands in the Southwest of France since 1991, and the transaction follows a succession event within the seller's ownership structure. The acquisition converts a thirty‑year commercial partnership into direct ownership, allowing Aryzta to integrate SEB’s established client relationships and regional market knowledge. The strategic rationale centers on consolidating Aryzta’s distribution platform in a region identified as critical for organic growth. By incorporating SEB’s temperature‑controlled logistics assets, Aryzta gains immediate access to a mature cold‑chain network, eliminating the time and capital required to build a comparable infrastructure from scratch. The deal also expands Aryzta’s sales force and enhances its ability to serve existing customers with a broader product offering, supporting the group’s objective of increasing market penetration in the French bakery sector. Operationally, the integration is expected to streamline order fulfillment, reduce redundant warehousing costs, and improve service levels for bakery and foodservice clients across the Bordeaux area. The combined entity will leverage SEB’s local market intelligence to refine demand forecasting and inventory management, while Aryzta’s global procurement and production capabilities will provide cost efficiencies. These synergies are projected to strengthen Aryzta’s competitive position and accelerate revenue growth in the Southwest French market.

SOCIÉTÉ EUROPÉENNE DES BEURRES, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in AgriFood market trends

Target

Société Européenne des Beurres (SEB) was founded in 1973 in Bordeaux and has developed into the exclusive distributor for the Coup de Pates and La Carte d'Hubert brands in the Southwest region of France. The company supplies frozen bakery items to professional bakeries, patisseries, collective catering operators, and out‑of‑home foodservice establishments. SEB manages a temperature‑controlled logistics network that includes warehousing, order processing, and last‑mile delivery, ensuring product integrity from production facilities to client sites. Its client portfolio comprises both national chains and independent operators, providing a diversified revenue base. The firm employs approximately fifty staff members who oversee sales, logistics, and customer service functions. SEB’s business model relies on long‑term contractual relationships, volume‑based pricing, and a focus on maintaining a reliable cold chain, which has been central to its market position for more than three decades. The company’s regional expertise includes detailed knowledge of market demand patterns, regulatory compliance for frozen foods, and localized sales strategies tailored to the culinary preferences of the Bordeaux area.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
LOGIN
LOGIN
LOGIN
2025
LOGIN
LOGIN
LOGIN

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
06/2026CVCIRCAITALYFood Processing

CVC Capital Partners has entered into an agreement to acquire IRCA from Advent International, which has evolved into a global platform for ingredients serving the pastry, bakery, chocolate, and ice cream industries over the past few years

06/2026DANONETHE MADE GROUPAUSTRALIAFood Processing

Danone has signed a definitive agreement to acquire MADE Group, a leading Australian functional nutrition specialist, to bolster its presence in the high-growth health and wellness segments in the Asia-Pacific region

06/2026INGREDIONTATE & LYLEUNITED KINGDOMFood Processing

The acquisition of Tate & Lyle by Ingredion represents a strategic move in the food ingredient sector, driven by the potential to generate net cost synergies of approximately $130 million by 2030, following one-time integration costs of $175 million

06/2026FRENCH FOOD CAPITAL / BPIFRANCE / BNP PARIBAS DEVELOPPEMENTFABULOUS FRENCH BRASSEURSFRANCEFood Processing

FrenchFood Capital becomes the majority shareholder of Fabulous French Brasseurs, a French brewing group structured around a portfolio of regional brands originating from several integrated craft breweries

05/2026ORCHARD FOODS VALLEYPHOENIX BRANDSUNITED KINGDOMFood Processing

Orchard Foods Valley Ltd (backed by Orkla) has consolidated its position within the sweet ingredients category by executing the 100% share acquisition of Phoenix Brands, a specialized UK-based manufacturer of premium biscuits and baked inclusions

05/2026CVCIFF FOOD INGREDIENTSUNITED STATESFood Processing

Global specialty chemicals leader International Flavors & Fragrances (IFF) has entered into a definitive agreement to divest its Food Ingredients division to private equity firm CVC Capital Partners. As part of this corporate carve-out, IFF will roll over an approximate 10% minority equity stake in the newly independent business

05/2026EAT HAPPY GROUPHANA GROUP EUROPEFRANCEFood Processing

The combination of Eat Happy and Hana’s European business establishes a unified pan-Asian convenience platform encompassing approximately 5,800 points of sale across 14 European nations. This transaction represents a complete equity realization for Permira Funds within the European market following an expansion period since 2019

04/2026ORANGE CAPITAL DEVELOPMENTEFFEPIITALYFood Processing

Orange Capital Development has finalized the acquisition of an 80% majority stake in Effepi, marking a significant step in the construction of its specialized "Italian Frozen Food Excellence" platform

04/2026AMBIENTATHE BRIDGE BIOITALYFood Processing

Ambienta SGR, through its Small Cap fund, has acquired a majority stake in The Bridge from the founding Negro Marcigaglia family. The founders have committed to reinvesting alongside the private equity firm and will continue to play a key leadership role in the company's development

04/2026ONE ROCK CAPITAL PARTNERSEAT HAPPY GROUPGERMANYFood Processing

The transaction is structured as a significant strategic investment by One Rock Capital Partners into Eat Happy Group to simultaneously fund the acquisition of Hana Group's European operations. This corporate combination merges two highly complementary convenience food providers to establish an integrated pan-European fresh food platform

REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SOCIÉTÉ EUROPÉENNE DES BEURRES by ARYZTA are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: société européenne des beurres

Acquirer: aryzta