FRANCE: Bongrain in talks over Terra Lacta alliance
By Michelle Russell | 17 October 2012
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Bongrain has confirmed it is in talks with dairy co-operative Terra Lacta |
French dairy processor Bongrain has confirmed it is in talks with dairy co-operative Terra Lacta over a potential partnership deal.
A spokesperson for Bongrain told just-food today (17 October) that discussions had taken place and were ongoing, but that nothing, as yet, had been decided upon.
It is understood the talks surround the possibility of setting up a joint venture in the Poitou-Charentes region of south-western France for the supply of its milk, butter and cream.
The spokesperson said a decision on any joint-venture is unlikely to made before the end of the year.
In August, Bongrain booked a drop in first-half profits after the company recorded an impairment charge on its Spanish operations.
Sectors: Dairy, Mergers & acquisitions
Companies: Bongrain
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