Eureden Sells Majority Stake In André Bazin To Charcuterie Peer Arcado

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French nutrient co-op Eureden has agreed to waste a mostly liking successful charcuterie busness André Bazin to section adjacent Arcado.  

In a statement, Eureden, nan co-operative down nan D’aucy and Paysan Breton brands, said nan tie-up will spot André Bazin and Arcado prosecute maturation successful “high-quality” location charcuterie and “expand their operations” upstream and downstream. Financial position were not disclosed.

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André Bazin specialises successful charcuterie and ingredients, trading chiefly to manufacturers and foodservice customers. Arcado, based successful Franche-Comté successful eastbound France, produces location charcuterie for supermarkets. 

Dany Rochefort, nan president of Eureden, said: “With these shared values and beardown complementarities, this coagulated task fits into nan strategy of nan nutrient section of nan Eureden group, while ensuring nan semipermanent early of nan Bazin institution perfectly and its employees.” 

Eureden said nan woody is intended to support its goals of processing proviso chains connected to upstream producers, peculiarly pig farmers wrong nan cooperative. 

The transaction, it added, will “ensure nan semipermanent viability” of André Bazin pinch guidance remaining successful nan Franche-Comté region and accumulation sites continuing to operate, while “balancing” nan customer operation crossed supermarkets and hypermarkets, nan foodservice sector, and business clients. 

For Arcado, nan projected transaction fits a strategy that has seen it grow organically arsenic a level for SMEs, according to nan statement. 

The companies are aiming to complete nan woody early adjacent year, pending title clearance.

Arcado makes PGI and Label Rouge cured meats and charcuterie. The institution comprises 5 businesses, employs 350 full-time balanced unit and generated a turnover of €116m ($133.4m) past year.

André Bazin became a wholly owned subsidiary of Eureden past twelvemonth aft nan co-op first invested successful nan business successful 2021.

The company, which employs 363 people, produces much than 21,000 tons of cured meats, charcuterie and cooked meats a year. Its turnover was €120m past year.

Eureden was formed done nan merger of nan D’aucy and Triskalia co-operatives, first announced successful 2017 and completed successful 2020 aft plus disposals.  

The co-op counts 17,000 husbandman members and employs 8,000 people. It operates 40 sites, including accommodation successful Spain, Germany and Hungary.  

Group turnover was €3.8bn ($4.45bn) successful its 2024 financial year, compared pinch €3.9bn successful nan erstwhile 12 months. 

Last month, The European Commission sent a projected associated task betwixt Eureden and stiff veg supplier Greenyard to France’s title watchdog, nan Autorité de la Concurrence.

In March, Belgium-headquartered Greenyard announced it was looking to bargain a mostly shareholding successful chap stiff vegetables group Gelagri Bretagne successful France.

Brittany-based Gelagri Bretagne, owned by Eureden, besides produces fresh meals, soups and purées.