Laga sell-side legal advisor in sale of Marfo Food Group
Taking on your challenges
2 August 2019
Laga provided sell-side legal advice and assistance to the shareholders of the Belgo-Dutch Marfo Food Group, with regard to the divestment of Marfo Food Group, the second-largest player in the European market for airline ready meals and snacking, to Fleury Michon, a French deli meat and airline meals prepaper.
The acquisition allows Fleury Michon to gain a larger presence in the airline catering industry and is part of the company's strategic plan to accelerate growth through acquisitions. The acquisition of Marfo Group especially makes Fleury Michon/Marfo the world's leading group in the sector, with production units in Quebec for North America and Europe.
Marfo Group reported revenue of EUR 81 Million in 2018 and has more than 400 employees at two sites.