Eat Happy, Hana finalise sushi merger

Eat Happy Group and the European operations of Hana Group person completed their merger.

The 2 companies announced successful April they were successful talks implicit a woody to beryllium backed by a "strategic" undisclosed concern from One Rock Capital Partners.

In a connection yesterday (27 July), the private-equity capitalist said the caller institution - to beryllium called Eat Happy Hana Group - "brings unneurotic 2 businesses with complementary geographic footprints, concepts and capabilities to signifier a pan-European level for ultra-fresh Asian and convenience food".

The transaction combines Eat Happy's web of astir 4,300 points of merchantability crossed 7 European markets with Hana's much than 1,500 locations successful 12 countries.

When the tie-up was unveiled, the companies said Hana has a "well-developed" web successful markets wherever Eat Happy has had constricted oregon nary presence, including the UK, France, Spain and Belgium.

One Rock managing spouse Scott Spielvogel said the capitalist had been drawn to the segment's "resilience and maturation potential", arsenic good arsenic the companies' retail relationships and absorption teams.

"Eat Happy Hana Group enters the One Rock portfolio with a beardown foundation, and we look guardant to moving intimately with absorption to enactment the adjacent signifier of maturation for the business," Spielvogel said.

Hana Group supplies sushi and Asian-inspired nutrient crossed Europe, with much than 1,500 points of merchantability successful 12 countries. Its portfolio includes 20 brands specified arsenic Sushi Gourmet, Sushi Market, Genji, Izakaya, Mai, Wok Street and Poké Lé Lé.

Founded successful 2013, Eat Happy produces and distributes handcrafted "fresh" Asian convenience food. Its brands see Eat Happy, Yuzu, Wakame, Eat Fresh, Fresh Kitchen and Candy Cuisine.

At the clip of the announcement, the companies said the merger would broaden Eat Happy's accumulation and organisation footprint portion giving Hana entree to caller capabilities and formats to enactment further growth.

Dr. Johannes Steegmann, who was appointed Eat Happy CEO successful 2024 and present leads the combined group, said the merger would velocity up the sharing of ideas and operating models crossed markets.

"The merger gives america a compelling accidental to harvester ideas, expertise and palmy formats from crossed Europe," Steegmann said.

"By accelerating the speech of innovative concepts and champion practices, we judge we tin bring caller and breathtaking caller convenience solutions to our customers and retail partners much rapidly than ever before."

Luca Mammola, Eat Happy Hana Group CFO, said Eat Happy and Hana shared "a communal passionateness for quality, freshness and lawsuit focus".