Nestlé has introduced it’s speaking to French funding fund FnB in regards to the potential sale of its France-based mashed potato trade Mousline.
The Switzerland-based producer printed again in November that it had introduced a strategic overview that might finally end up within the asset being offered.
Nestlé has entered into “unique negotiations” with FnB and stated the sale of Mousline may well be finished this 12 months. No doable sale value has been disclosed.
Mousline’s manufacturing unit is founded in Rosieres-en-Santerre within the potato-growing house Somme. It employs 150 other folks.
Its packaged mashed potato merchandise are offered locally and exported to different markets.
Nestlé described doable purchaser FnB as “a cast spouse, devoted solely to supporting French and Ecu SMEs of the meals trade and controlled via a workforce of marketers who themselves come from the meals trade”.
FnB was once arrange in 2017 via a workforce of buyers and marketers, together with former Unilever executives Olivier Marchand and Valérie Lutt. The non-public-equity company’s property come with French charcuterie trade Lartigue et Fils and Bur Distribution, a France-based producer and dealer of deli merchandise.
Nestlé insisted the deal, if finished, can be a part of a “expansion and diversification technique for the Mousline emblem, providing new building and innovation views”.
It urged the deal would now not have an effect on staff on the Mousline plant. “According to present French law, this proposed sale will don’t have any social penalties. As well as, the mission isn’t supposed to problem the sourcing or the relationships with consumers, companions and providers,” the corporate stated.
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