Vegafruits

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Vegafruits - overview

Established

1991

Location

-, -, France

Primary Industry

Food

About

Vegafruits is a French cooperative dedicated to the cultivation and distribution of premium fruit products, specializing in the Mirabelle de Lorraine and other regional specialties. It serves both retail consumers and the agro-food industry. Vegafruits was founded in 1991 in France and operates as a cooperative focused on the cultivation of regional fruits. The company has maintained a consistent business strategy without significant pivots.


It currently operates from its headquarters in France, providing its products both nationally and internationally. The cooperative's founder has a background in fruit cultivation, although specific historical details are not available. The company received a funding round in June 2017 from Unigrains Développement for an undisclosed amount, indicating investor confidence in its operations. Vegafruits specializes in a variety of fruit products, primarily including fresh and processed forms of Mirabelles, Quetsches de Lorraine, Montmorency cherries, and Vosges blueberries.


These products are offered as frozen fruits, fruit purees, and oils, catering to diverse clients in the culinary sector, food manufacturing, and retail markets. The cooperative's distribution model includes sales partnerships with retailers and wholesalers, ensuring broad access to its quality fruit offerings across Europe. In the most recent year, Vegafruits reported revenue of USD 9. 72 mn and an EBITDA of USD 1.


33 mn. The cooperative generates income through direct sales to B2B clients and retail consumers, utilizing a structured transaction model with a focus on high-quality products and partnerships with food manufacturers. Vegafruits plans to expand its product line and introduce new fruit-based offerings, although specific product launches have not been detailed. The cooperative aims to broaden its market presence, with targeted expansions into additional European regions by 2025.


The funding received in June 2017 will support these initiatives, enhancing production capabilities and market reach.


Current Investors

Primary Industry

Food

Sub Industries

Canned/Frozen Fruit & Vegetables, Food & Beverage Distribution

Website

http://www.vegafruits.fr/

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Vegafruits - timeline of key events

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Vegafruits - financials

Fiscal Year EndedDec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)12,031,912.910,731,965.211,616,868.5---
% Revenue Growth (YoY)-(10.8%)8.2%---
EBITDA (USD)994,368.5774,644.657,357,346---
Operating Income (USD)299,956.9142,840.2262,845---
Operating Margin2.5%1.3%2.3%---
% EBITDA Margin8.3%7.2%493.7%---
NET Income (USD)214,430.4215,342.626,483.2---
% Net Margin1.8%2.0%0.2%---

Vegafruits - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedVegafruits-

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Vegafruits - employee data

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