#LBO

marcel&fils acquires Bio&Co and strengthens its position in Southeastern France

10/30/2025

marcel&fils, a French retail brand specializing in the distribution of organic products, announces the acquisition of Bio&Co, a historic player in the organic sector in the Provence-Alpes-Côte d’Azur region. This transaction, completed with the TERACT Group, enables marcel&fils to consolidate its regional footprint in Southeastern France and continue its growth momentum.

A strategic milestone for marcel&fils

Founded in 2008 by Emmanuel Dufour, marcel&fils has established itself as a leading player in the organic retail sector, offering a comprehensive range of food and non-food products: fresh produce, groceries, butchery, dietary supplements, cosmetics, hygiene, and household goods.

The brand currently operates 60 stores, ranking among the top five specialized organic retail networks in France.

With this acquisition, marcel&fils expands its network to 67 stores and will achieve consolidated revenues of €160 million.

Bio&Co: a committed organic pioneer

Founded in 2005, Bio&Co has developed around a philosophy shared with marcel&fils: offering a wide and accessible range of organic products, promoting local producers, and providing a shopping experience that is both welcoming and high-quality.

The network currently includes seven stores located across the Provence-Alpes-Côte d’Azur region.

Shared values and promising synergies

The merger between marcel&fils and Bio&Co is built upon shared values and a common vision:

  • a commitment to the quality and diversity of products;
  • a close relationship with customers;
  • long-term support for local producers;
  • spacious, welcoming stores designed for a smooth and enjoyable shopping experience.

This transaction will generate new commercial and logistical synergies while strengthening marcel&fils’ presence in the South-East, its home region.

A transaction supported by its shareholders

The acquisition of Bio&Co is primarily financed through equity contributions from marcel&fils’ historical shareholders: Emmanuel Dufour (President of marcel&fils), Weinberg Capital Partners (via the LBO fund WCP#3), and SOFIPACA.

As part of this transaction, SWEN Capital Partners, along with part of the management team, also joins the company’s shareholder base.

This marks the third external growth transaction for marcel&fils, following the acquisitions of Onalavie in 2021 and La Vie Saine in 2022.

Since the entry of Weinberg Capital Partners and SOFIPACA into its capital in 2021, marcel&fils has doubled its revenue, reflecting the strength of its business model and the relevance of its growth strategy.

“The acquisition of Bio&Co is fully aligned with our territorial development strategy. Beyond geographic complementarity, we share with Bio&Co the same vision of organic retail: friendly stores, close ties with producers, and passionate teams. Together, we will continue to promote an accessible, local, and high-quality organic offering, serving both our customers’ well-being and the vitality of our regions.”
Emmanuel Dufour – President of marcel&fils
“This acquisition of Bio&Co marks the third external growth transaction carried out under Weinberg Capital Partners’ support since our investment in 2021. It illustrates our confidence in marcel&fils’ unique model, built on an ‘epicurean organic’ approach that combines pleasure, quality, and responsibility. We are convinced that Emmanuel Dufour’s vision of organic retail—centered on taste, well-being, and local proximity—represents a sustainable lever for differentiation and growth in the organic market.”
Philippe Klocanas – Partner and Co-Head of LBO at Weinberg Capital Partners

About marcel&fils

Founded in 2008 by Emmanuel Dufour, marcel&fils is a French retailer specializing in the distribution of organic food and non-food products (fresh produce, groceries, butchery, dietary supplements, cosmetics, household goods). Historically established in Southeastern France, the brand now operates 67 stores. As a committed organic player, marcel&fils offers more than 8,000 product references, emphasizing local and artisanal goods and maintaining a strong focus on product quality—an approach best described as “epicurean organic.”

About Weinberg Capital Partners

Founded in 2005, Weinberg Capital Partners is an independent investment company historically active in buy-out capital, which expanded its field of intervention to real estate assets in 2008. In 2020, Weinberg Capital Partners added its capacity to invest in SMEs/mid-caps with a minority strategy focused on sustainable development issues, which offers extra-financial support known as impact, to better prepare companies for environmental and societal challenges. In 2023, Weinberg Capital Partners created a new fund, Eiréné, dedicated to the development of SMEs/mid-caps in the security and defense sector. In 2024, the company continued its growth in private equity with the launch of a co-investment fund, WCP Co-Invest.
With €1,9 billion of assets under management, Weinberg Capital Partners is a significant player in the mid-market equity segment in France.

Weinberg Capital Partners is a signatory of the PRI, a member of the International Climate Initiative and an active responsible investor.

Weinberg Capital Partners supports Télémaque, an association for equal opportunities in education.

For more information: weinbergcapital.com.
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Contact marcel&fils

Emmanuel Dufour
President
edufour@marceletfils.com

Contacts Weinberg Capital Partners

Bérengère Beaujean
Head of Communication
berengere.beaujean@weinbergcapital.com
+ 33 7 85 58 29 73

Alain Biquard
Development and Investor Relations Manager
alain.biquard@weinbergcapital.com
+ 33 7 86 36 90 79

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