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METRO grows by buying Sweden’s and Finland’s largest FSD business, Johan i Hallen & Bergfalk.


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METRO AG acquires JOHBECO AB (“Group”), a Swedish meat, fish, and seafood company.


More than 4,000 customers in Sweden and Finland, the most of whom are in the hospitality and food service industries, are serviced by JHB, which relies on the experience of more than 350 workers. More than half of the company’s revenue comes from the company’s own processing of meat and fish.

METRO’s existing FSD portfolio has been strengthened by the inclusion of JHB, which also provides access to one of the most important foodservice marketplaces in Europe.

In addition, the Group has an impressive financial track record, with around 180 million euros in sales, an EBITDA in the double digits, and a robust FCF over the course of the previous years. The acquisition price that has been agreed upon is approximately 100 million Euros.


“Johan i Hallen & Bergfalk is a strong match for METRO. JHB is going to significantly boost our delivery sales, which will contribute to us fulfilling our sCore goals for the year 2030.

The combined food service markets of Sweden and Finland make up the sixth largest in all of Europe. These two countries also have some of the highest rates of meat and fish consumption per person in all of Europe.

METRO can strengthen JHB’s procurement efforts, enrich its offering, and thereby expand its market share, according to Dr Steffen Greubel, CEO of METRO AG. “JHB brings a high level of competence in these categories into our FSD portfolio.”


JHB is well known for providing exceptionally high levels of service to its clientele, and it has a significant presence in the major metropolitan areas of both Sweden and Finland.

Customers get their orders from one of its five warehouses, while approximately forty percent of the company’s revenue comes from online transactions. JHB is well positioned to sustain its growth momentum and expand its market share in the foodservice markets of Sweden and Finland as it enters this new chapter alongside METRO.

It is projected that the combined foodservice markets of Sweden and Finland are worth around €7 billion (sell-in) and are forecast to grow at a 3% compound annual growth rate until 2026.


After the closure of the deal (beginning in the third quarter of the fiscal year 2022/23), the financial accounts of JHB will be integrated into those of METRO. JHB will keep its more than 350 workers, headquarters, production facilities, and warehouses, and will continue to run its business independently under its own brand, Johan i Hallen & Bergfalk.


METRO is a significant international food distributor that specialises in meeting the requirements of hotels, restaurants, and caterers (HoReCa), in addition to those of independent merchants (Traders).

METRO was founded in 1893 and is headquartered in Germany. METRO has over 17 million consumers all over the world who take advantage of the wholesale company’s one-of-a-kind multichannel mix. consumers have the option of purchasing their items in one of the major stores located in their neighbourhood as well as by delivery (Food Service Distribution, FSD), all of which are digitally supported and connected.

METRO MARKETS is concurrently being developed as an international online marketplace catering to the requirements of professional clients.

Since its launch in 2019, the platform has been steadily growing and expanding its operations. METRO, which has been listed in a variety of sustainability indices and rankings for a number of years, including FTSE4Good, MSCI, CDP, and the Dow Jones Sustainability Index, considers acting in a sustainable manner to be one of the firm’s guiding company principles.

METRO is a global retailer that has operations in over 30 countries and employs more than 93,000 people. During the fiscal year 2021/22, METRO achieved sales totaling €29.8 billion.


More information can be found at MPULSE.de, our online magazine.




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