M&A Deal Summary

Metro Acquires MissFresh

On August 1, 2017, Metro acquired internet software and services company MissFresh

Acquisition Highlights
  • This is Metro’s 1st transaction in the Internet Software and Services sector.
  • This is Metro’s 2nd transaction in Canada.
  • This is Metro’s 2nd transaction in Quebec.

M&A Deal Summary

Date 2017-08-01
Target MissFresh
Sector Internet Software and Services
Buyer(s) Metro
Deal Type Add-on Acquisition

Target

MissFresh

Montréal, Quebec, Canada
MissFresh, Inc. is a Montreal company specializing in the delivery of ready-to-cook meals. Founded in Montreal in 2015 by Marie-Eve Prevost, Bernard Prevost, and Ritter Huang, three passionate entrepreneurs, MissFresh is a Canadian company that meets a growing demand from families and professionals who want to eat healthy and balanced foods, but who have little time for shopping and preparing meals.

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Buyer(S) 1

Buyer

Metro

Montreal, Quebec, Canada

Category Company
Founded 1947
Sector Food
Employees97,870
Revenue 21.2B CAD (2024)
DESCRIPTION

Metro is a food retailer operating in the Canadian provinces of Quebec and Ontario. Metro is the only major Canadian food distribution company to have its head office in Quebec. Along with its affiliates and franchisees, METRO INC. operates a network of almost 600 food stores under several banners including Metro, Metro Plus, Super C, and Food Basics, as well as over 250 drugstores under the Brunet, Metro Pharmacy, and Drug Basics banners. Metro was incorporated in 1947 and is based in Montreal, Canada.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Quebec M&A 2 of 3
Country: Canada M&A 2 of 3
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Première Moisson

Vaudreuil-Dorion, Quebec, Canada

Première Moisson, Inc. is a producer of baked goods, pastries, charcuteries, ready-to-eat offerings and gourmet specialties intended for consumers and recognized for quality, originality and authenticity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 The Jean Coutu Group

Longueuil, Quebec, Canada

The Jean Coutu Group (PJC) Inc. is a Canadian pharmacy retailer operating a network of 419 franchised stores in Québec, New Brunswick, and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté, and employs more than 20,000 people. Furthermore, since December 2007, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a Québec-based subsidiary and manufacturer of generic drugs.

Buy $4.5B