Groupe Végétal has successfully acquired Quaak Fleurs Distribution, enhancing its position as a multi-specialist wholesaler in the floral industry.
Target Company Information
Quaak Fleurs Distribution is a wholesale supplier of cut flowers located in France. The company serves a diverse clientele, primarily composed of florists, decorators, and event industry professionals. It offers self-service wholesale sales through its Cash & Carry facility at the Rungis International Market, along with delivery services across the Île-de-France region. Its sourcing strategy includes procurement from various regions across Europe and Latin America.
In 2021, Quaak Fleurs Distribution is expected to generate approximately 9 million euros in revenue. This acquisition occurs in a period marked by significant growth for the company and the industry at large.
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Industry Overview in France
The floral industry in France has shown resilience and adaptability, reflective of shifting consumer preferences toward sustainable and locally sourced products. Growth in this sector has been driven by an increasing
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Disclosed details
Revenue: $9M