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Groupe SEB Acquires Juice Spanish Extraction Machine Maker Zummo.

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MANews-(C)2009-2022

France-based small appliance maker Groupe SEB (PAR: SK) has acquired Spanish automatic fruit juice extraction machines maker Zummo, the group said.

The professional offering of Groupe SEB is being expanded to meet its strong development ambitions in this segment.

Numerous synergies will be created in this way for all of Groupe SEB customers: hotels, major restaurant brands and local businesses, in France and throughout the world.

A Spanish group founded in Valencia, Zummo began operations in 1992 with the target of creating the perfect fresh fruit juice and is now the world leader in the design, manufacture and distribution of automatic juicing machines for fresh fruit and vegetables.

As a result of the technologies it has developed over time, Zummo has a significant competitive advantage in an extremely dynamic market.

Before being acquired by Groupe SEB, Zummo was 93% held by Meridia Private Equity I, managed by Meridia Capital Partners, and 7% held by Olmina Valencia, owned by Zummo's founder, Rafael Olmos, who managed the company for 30 years and is also chairman of Hostelco.

In 2021, professional business accounted for 8% of Groupe SEB's revenue, at EUR 628m.

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