Rewe Group to acquire and merge with Lekkerland.

Rewe Group, a German diversified retail and tourism co-operative group based in Cologne, agreed to acquire Lekkerland, a German wholesaler. Financial terms were not disclosed. Lionel Souque, CEO of REWE Group, explained: “On-the-go and out-of-home consumption are among the strongest trends in our sector, and their importance is set to grow further. And it is not just young people who increasingly buy and consume meals and snacks on-the-go. For this reason, we have steadily expanded our convenience ranges in recent years and improved their quality. The combination of this and Lekkerland’s specialised logistics and extensive wholesale and convenience expertise is a convincing recipe for future success in an important segment of the food retail market."