Clearwater International advises the shareholders of Soframa on its sale to Even Group

Clearwater International has advised the shareholders of Soframa, the renowned food products supplier, consisting of management, IDIA Capital Investissement, BNP Paribas Développement and Sofilaro, on its sale to Even Group, an agri-food cooperative.

Established in 1980, Soframa is a specialist in the distribution of dry, fresh, and frozen food products for food professionals. With a team of 65 employees, the company delivers to more than 2,500 customers, mainly consisting of bakeries, pizzerias, restaurants, and catering within the Gard and Herault areas in Southern France. Soframa also owns a self-service wholesale store which spans over 1,500sqm, and operates seven days a week.

Thanks to David Guillermo, who took over the company in 2017, Soframa grew by over 10% annually to reach €32m in sales.

Soframa will be part of Even Distribution and assist Even Group to denser its network.

Even is a cooperative food industry group founded in Brittany in 1930 with €1.3bn sales in 2021. It is one of the major players in the French food industry, with over 6,000 employees and a membership of 1,400 farmers. Even Distribution, the food distribution arm of the Group, operates in two markets: door-to-door selling to individuals and catering services.