Sushi Suppliers Eat Happy, Hana Discuss Merger

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Germany’s Eat Happy Group is successful talks to merge pinch nan European operations of chap sushi supplier Hana Group.

In a associated connection yesterday (1 April), nan companies said nan projected transaction is supported by a “strategic investment” from One Rock Capital Partners.

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Just Food has approached some companies for much accusation connected nan imaginable deal.

In nan statement, Eduardo Romero, nan CEO of Hana Group, said: “One Rock’s acquisition investing successful and increasing businesses successful nan nutrient and beverage sector, alongside Eat Happy’s level would fortify our capabilities arsenic we proceed to service our customers and partners.”

Hana Group supplies sushi and Asian-inspired nutrient crossed Europe, pinch much than 1,500 points of waste successful 12 countries. Its portfolio includes 20 brands specified arsenic Sushi Gourmet, Sushi Market, Genji, Izakaya, Mai, Wok Street and Poké Lé Lé.

Founded successful 2013, Eat Happy produces and distributes handcrafted “fresh” Asian convenience food. Its brands see Eat Happy, Yuzu, Wakame, Eat Fresh, Fresh Kitchen and Candy Cuisine.

It operates successful 7 European countries and serves astir 4,300 points of waste done unit partners.

Hana has a “well-developed” web successful markets wherever Eat Happy has had constricted aliases nary presence, including nan UK, France, Spain and Belgium.

The woody is expected to “accelerate” Eat Happy’s accumulation and distribution footprint and supply Hana pinch caller capabilities and formats to “advance its growth,” nan connection added.

If completed, nan mixed business would service astir 5,800 points of waste crossed 14 European countries.

Eat Happy CEO Dr. Johannes Steegmann, who took nan helm successful 2024, said: “This operation would bring together complementary strengths crossed geographies, formats and merchandise offerings, enabling america to present tangible worth to unit partners and their customers.”

Funds advised by Permira person been nan mostly shareholder of Hana Group since 2019. The planned woody would correspond a “full realisation” of nan Permira’s finance successful Hana’s European operations. However, Permira will stay invested successful Hana’s US business.

Pedro López, partner astatine Permira, said: “This contemplated operation pinch Eat Happy, arsenic good arsenic nan support from One Rock, is simply a reflection of nan strategical worth that we person collectively built complete nan years, and we wish them nan very champion for nan adjacent shape of growth.”

Completion is taxable to mandatory consultation pinch applicable useful councils and customary regulatory approvals.

Eat Happy appointed Dr Johannes Steegmann arsenic main executive successful November 2024. He antecedently held roles astatine Fressnapf, Rewe and McKinsey.