France-based poultry major LDC is in talks to buy Les Délices de Saint Léonard from the Agromousquetaires Group.
Located in Theix in north-western France, the Les Délices de Saint Léonard factory produces fresh and frozen pizzas, pancakes, quiches and pies, according to a filing from LDC.
Since 2002, it has also manufactured “club and maxi format” sandwiches, fresh snacks and baguettes. It has a turnover of just under €50m ($52.6m) and employs 265 people, LDC said.
Les Délices de Saint Léonard’s products are marketed under the brands Fiorini, Monique Ranou, Claude Léger and Top Budget.
“Discussions with a view to its acquisition by the LDC Group are underway but there is currently nothing to define the outcome,” the poultry group added.
“Any significant information in this file, likely to be of interest to its shareholders and more generally to all investors, will be brought to the attention of the market, in accordance with regulations, by means of a press release.”
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By GlobalData
Agromousquetaires is the industrial centre of Groupement Les Mousquetaires, a private-label manufacturer in France. The subsidiary comprises 11,000 employees in 70 industrial and logistics sites, including around 50 factories, divided into six performance centres.
Founded in 1968 from the merger of the Lambert, Dodard and Chancereul families, LDC is known for its brands Loué, Le Gaulois, Maître Coq, Poule et Toque, Marie and Nature & Respect.
The agri-food group today has 93 sites, 14 platforms, more than 25,000 employees and a turnover of €5.8bn.
