To download
13 Dicembre 2022 · Press release
Acquisition of SDS Srl
ECF GROUP announces the acquisition of SDS Srl, the Italian distributor of small equipment, packaging, disposable and hygiene products for Catering & QSR, created in 1995 and based in Vittuone (Milan). This operation strengthens the presence of ECF GROUP in the country and completes its customer portfolio and its exclusive product ranges, particularly in the fast-growing segment of Quick Service Restauration. After a transition phase, the SDS commercial brand will be integrated into GRUPPO CHS, which with this operation becomes the first national and omnichannel distributor for Food Service professionals in Italy.
ECF GROUP
announces a new growth operation in Italy, with the acquisition of SDS Srl. This operation is the second carried out in the country in twelve months after the acquisition of Valuer Srl in September 2021, and consolidates the Group’s presence in northern Italy, around its CHS brand.
The operation will materialize through the acquisition of SDS Srl by Gruppo CHS (Catering & Hotel Supplier), the subsidiary of ECF Group in Italy acquired in 2019. The commercial integration of SDS within CHS will be gradual and will make it possible to consolidate under the CHS brand, all Small Equipment and Hygiene distribution operations for the Hotel Industry, Table Catering, Institutions and Fast Food in Italy. The new group will have a head office near Milan, three logistics sites, 7 showrooms to support the sales forces and an e-commerce site to develop a real omnichannel growth strategy.
ECF Group would particularly like to pay tribute and thank the three co-founders of SDS, Mario SESTITO, Diego POLIMENO and Fabio CORUZZI, who have devoted all their energy to the creation and development of SDS for 25 years. All three, part of this project, will accompany the SDS integration process in order to give continuity to consolidate the new Group and to carry the values of service and quality of which SDS has always been the expression.
This acquisition is part of the profound evolution of ECF Group initiated since 2017 with the support of its shareholders, in particular Naxicap Partners. The Group’s M&A activity made it possible to carry out around thirty external growth operations between 2017 and 2022, including 4 in Italy.
Subject to certain final conditions, the completion of the sale is expected to be effective in February 2023.
Interview
Christophe ALAUX, Chairman & CEO of ECF Group, explains :
«This operation between SDS and CHS allows ECF Group to strengthen its position in one of the leading Food Service markets in Europe. The proximity of values and mutual respect between the leaders of the two entities is a guarantee of success for the future development of CHS in Italy where we still have many development projects».
Mario SESTITO, Co-founder & Managing Director of Gruppo SDS, adds :
«This merger is an operation built and desired by SDS and CHS to create a stronger group. Together, we will overcome the challenges ahead of us. I would like to thank all the CHS teams and particularly Carlo Scalabrini who immediately believed in the project and the merger with ECF Group for the vision, the opportunities and the synergies that could be put in place, particularly for Polibox».
Carlo SCALABRINI, CEO of ECF Italy & Managing Director of Gruppo CHS, concludes :
«The acquisition of SDS by CHS is a further step in our group’s growth project in all food service segments. Our common values, such as the constant search for quality and dedication to the customer, will make the integration process natural. We are certain that this operation will only bring benefits to our customers and partners».
Acquisition SDS Srl
