B2B supplies reseller Takkt has created a new business unit for its foodservice-related operations.
The group today announced that, effective 1 January 2021, its Hubert and Central brands now come under a division called Foodservice Equipment and Supplies (FES). These North America-focused operations have been part of a strategic review for some time, so separating them from Takkt’s other businesses would appear to make sense.
FES’s customers include canteens, cafeterias and family-run restaurants, verticals that have been severely hit by the COVID-19 pandemic. Proforma results for 2020 showed that FES achieved FY sales of €199 million ($234 million), representing an organic decline of around 12%, although it was profitable, with EBITDA of just over €20 million.
Takkt confirmed that, while a sale of Hubert and Central was “possible”, this was not likely to happen in the first few months of 2021 due to the pandemic. The Germany-based group said it was also looking at making acquisitions during the year.
Takkt’s two remaining business units are to remain unchanged. The Omnichannel Commerce (OCC) division comprises the Kaiser+Kraft group, Ratioform and National Business Furniture, while Web-focused Commerce (WFC) consists of six brands under the Newport umbrella plus the displays business of D2G. The plan is to reallocate functions and responsibilities by establishing separate logistics, IT infrastructure, and data and analytics teams at OCC and WFC.
“The company provided an overview of its 2020 financial performance a few weeks ago.”