Fleury Michon: towards the sale of its meal trays business

(CercleFinance.com) - Fleury Michon announces the signature of an agreement for the sale of its meal tray business to Kumo, a specialist in ultra-fresh products for supermarkets and foodservice operators.


This business represented sales of around €13 million, with negative operating income. This transaction marks Fleury Michon's intention to focus its development on its core supermarket and airline catering business.

The disposal of the shares will have a negative impact on net income for the year, estimated at -3.5 million euros. The sale is expected to be completed by the end of 2024, subject to the lifting of the usual conditions precedent.

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