St Mamet, the French packaged fruit-products industry, may well be set for every other proprietor.
The corporate, which has been owned through private-equity company Hivest Capital for just about 4 years, is of passion to French producer Agromousquetaires.
In a remark, Agromousquetaires mentioned it used to be in “unique talks” to shop for St Mamet, which makes and markets merchandise together with tinned fruit.
Agromousquetaires mentioned it needs to “create a centre of excellence for fruit” at St Mamet’s website in Vauvert in southern France.
The suitor, the foods and drinks production department of French food-to-retail conglomerate Groupement des Mousquetaires, mentioned the Vauvert manufacturing facility “enhances” certainly one of its personal compote- and jam-making websites additional north in Delvert, indicating it may well be “imaginable to develop and enrich product levels”.
In its remark, Agromousquetaires mentioned it “plans to put money into business and business inventions to make stronger the competitiveness of a singular business website and to deal with it in France – in addition to to relocate positive production recently outsourced to Europe”.
Jean-Baptiste Saria, the president of Agromousquetaires, mentioned: “It is usually an indication of our need to boost up the exchange in opposition to the vegetable sectors, in partnership with French manufacturers and a decided dedication in favour of the rural transition.”
Hivest Capital Companions purchased St Mamet from fellow French private-equity company Florac in 2018. Florac had owned the industry for 3 years.
Based totally in Nîmes, St Mamet has a turnover of round EUR65m, employs just about 150 everlasting staff and greater than 200 seasonal employees in prime season.
Cédric Lépée, managing spouse at Hivest Capital Companions, mentioned: “We’re happy with the development we have now made lately along the St Mamet groups, each industrially and on the subject of revitalising the emblem. The venture constructed between St Mamet and Agromousquetaires will allow the corporate to go into a brand new degree in its building.”
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