Group of Butchers up for sale at €1 billion

The Tilburg-based processed meats manufacturer Group of Butchers is up for sale with a striking price tag of over €1 billion. The current owner, Parcom, has enlisted the American investment bank JP Morgan to oversee the sale. This was reported by the FD, which also speculates about potential buyers, including Brazil’s JBS, the US-based OSI, and China’s WH Group.

Rapid growth through strategic acquisitions

Group of Butchers has expanded significantly in recent years through strategic acquisitions both domestically and abroad. Recent additions to its portfolio include Germany’s Abbelen, a specialist in meat substitutes, and Van Der Mey, based in South Holland. The group also acquired Belgium’s De Keyser and Menken Fresh Foods from Sassenheim, further strengthening its position as a private-label supplier in Europe. Today, the company operates factories in the Netherlands, Belgium, and Germany and supplies supermarkets under various brand names.

Financial leap under Parcom

Since Parcom acquired the company from the British firm Equistone Partners in 2020 for €300 million, Group of Butchers has achieved remarkable financial results. The company’s revenue, which includes earnings from several butcher chain stores, is now approaching €1 billion. Its EBITDA (earnings before interest, taxes, depreciation, and amortization) is said to have nearly quadrupled in four years, reaching almost €150 million. Last year, Parcom sold a 30% stake to the American investor Apollo, while former owners of the acquired businesses still hold shares.

The anticipated sale marks another milestone for the fast-growing processed meats company, with strong interest expected from international parties. Whether Parcom will indeed close a billion-euro deal remains to be seen in the coming months.

Mena.nl