Färm acquires organic food retailer biostory.

Transaction:

The Brussels-based organic grocery chain Färm acquired biostory, an organic food retailer owned by the Crespin family. With the acquisition of the 5 biostory stores, Färm gets a strong foothold in the Walloon Brabant region and brings their total number of stores to 22. Färm recently stated that it has the ambition to grow by an average of 4 new stores per year.

VDP acted as advisor to the seller.

biostory:

biostory, founded in 2013, is a Walloon Brabant organic retail chain with 5 branches. biostory offers authentic, passionately selected regional products in a modern and warm atmosphere. The family business was founded by the Crespin family and started with a first branch in Genval quickly followed by new branches in Jodoigne, Ottignies, Waterloo and Nivelles. Today biostory employs +55 employees.

For more information: www.biostory.be/

Färm:

Färm is a Belgian cooperative network of organic shops with a focus on fresh food and bulk goods. Since its foundation in 2013, Färm has grown into a network of 17 organic stores, mainly located in Brussels and 1 store in Flanders (Leuven). The Belgian cooperative believes in a short and fair supply chain that brings producers and consumers closer together.

For more information: www.farm.coop/nl/