TAKKT makes acquisition in food-supplies sector
| 07 May, 2019
TAKKT GmbH has entered into a purchase agreement for the acquisition of XXL Horeca, an e-commerce business specialized in food service supplies.
In the 2018 fiscal year, the company generated sales of approximately EUR 14 million. XXL Horeca will be part of the Newport group within the TAKKT EUROPE segment.
XXL Horeca primarily supplies business customers, such as hotels, restaurants, cafeterias and catering companies. Established in 2013, the company is based in the Dutch city of Wormerveer, has over 20 employees and sells catering supplies - particularly kitchen utensils and equipment as well as presentation utensils. Their product range includes around 21,000 items, which are exclusively sold online.
The purchase price amounts to EUR 19.5 million.