MARR: Management of the business activities of Scapa to begin on 23 February

MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the distribution of food products to foodservice, informs that as of 23 February, the contract for the leasing of the going concern of Scapa Italia S.p.A. (“Scapa”) will become effective.
This contract, which is included in the framework of a “concordato preventivo” (agreement among creditors enabling the continuity of the business) initiated by Scapa, was authorised – following clearance from the Antitrust Authority - by the Milan Law Courts on 12 February.

Before incurring in the current managerial and financial difficulties, Scapa was a primary operator in Italy in the distribution of food products to foodservice and is among the leaders in the segment of supplies to Canteens with a portfolio of customers that also includes major international operators.

Through the lease of the going concern, MARR will take over the management of the distribution centres in Marzano (Pavia) and Pomezia (Rome), two major structures that are modern and well located. The centre in Marzano (opened in 2009) has a total surface area of 22,000 m2, of which 11,700 are at controlled temperature, while the warehouse in Pomezia has a surface area of 11,000 m2, of which 4,800 are at controlled temperature.
MARR will be able to concentrate the logistical and distribution activities of its National Account customers (operators in Canteens and in Chains and Groups) on these structures, thereby further rationalising the activities in the Street Market segment carried out by its other distribution centres.
The Scapa operation will also enable MARR to access a significant portfolio of customers in the Canteens and Chains and Groups segments, strengthening its leadership position.
The management of the Scapa activities is expected to add approximately 80 million Euros of revenues from sales in 2013. These revenues will be in the order of approximately 100 million Euros in 2014, with a positive contribution in terms of EBITDA, if the expected logistical synergies actually occur.