Groupe SEB Embarks on a New Culinary Excellence Chapter and Begins the Process of Acquiring Groupe Sofilac and Its Iconic Brands Lacanche and Charvet

Regulatory News:

The Groupe SEB (Paris:SK) aims to build on its expertise in the high-end cooking equipment segment and continue its growth in professional and semi-professional markets.

Sofilac is a family-owned French group, majority-held by the members of the Augagneur family. It designs, manufactures and markets cooking equipment for high-end semi-professional (Lacanche brand) and professional (especially with the Charvet brand) customers. Lacanche, a Living Heritage Company, and Charvet offer exceptional, timeless and durable products based on unique know-how. Leveraging its iconic brands, Groupe Sofilac meets the needs of professional chefs and cooking enthusiasts, enabling them to express their talents.

This acquisition will enable Groupe SEB to strengthen its presence in the cooking equipment segment by rounding out its existing high-end brand offering (Krampouz, Forge Adour, WMF, All-Clad, and Lagostina). Simultaneously, it will fuel Groupe SEB's ambition to become the reference in professional and semi-professional equipment markets, which are expanding and profitable, with complementary brands, products and distribution channels.

This transaction, expected to be completed in April 2024, is conditioned in particular on informing and consulting employee representative bodies within certain Groupe Sofilac companies.

LACANCHE, equipment inspired by the kitchens of the highest-ranked chefs

Manufactured for several centuries in the Burgundy village of the same name, with its history closely associated with metalwork, Lacanche cooking equipment and ranges honor French culinary tradition. A wide range of options and finishes make each "gastronomic piano" a unique object.

True to its original values, this family-owned company combines passion, innovation and savoir-faire. Recognized as a "Living Heritage Company", it pays close attention to the noble materials and components, as well as the quality of its signature enamel shades on its equipment.

CHARVET, the "3-star" range

Since 1934, Charvet has been designing and manufacturing professional cooking equipment, particularly for the kitchens of top chefs. Numerous Michelin-starred chefs and gourmet establishments in France and around the world are equipped with the brand's pianos: whether it's the kitchen of Michelin-starred Chef David Gallienne at Le Jardin des Plumes in Giverny, France, the kitchen of Michelin-starred Chef Nicolas Sale at MIN de Rungis, or Chef Sebastien Lepinoy's Les Amis restaurant in Singapore, awarded 3 Michelin stars and ranked among the 100 best restaurants in the world.