Dutch wholesaler Sligro Food Group has announced that it has completed the takeover of ISPC Belgium. The deal to takeover the business, which was announced on 23 January, was completed earlier this week.
IPSC is a Belgian wholesaler based in Bruseels, Ghent and Liège, which specialises in fresh produce, particularly seafood.
ISPC posted a turnover of €86 million in 2016, while the company currently employs 250 personnel.
The acquisition sees Sligro take control of all ISPC subsidiaries, including Exquisite Food SA, ISPC International NV, ISPC Gent NV, NV Exquisite Seafood and Ocean Marée NV.
Sligro Food Group expects the acquisition to be accretive to 2018 earnings per share.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine