FRANCE: Unicopa eyes acquisition in cold meats sector
French co-operative group, Unicopa, is eyeing the acquisition of Brittany-based cold meats firm, Argoat Le Hir, which turns out 20,000 tonnes of product annually, generating a turnover of EUR100m (US$127.76m).
The deal is subject to the approval of France's competition regulator as well as staff representatives of the two firms, who will be consulted on 23 May.
Unicopa currently produces 35,000 tonnes of ham, pâtés and other cooked and dry cold meats and the acquisition of Argoat Le Hir would enlarge its range of products supplied to both supermarkets and wholesalers, in both fresh-sliced and pre-packed lines.
Unicopa, which posted a global turnover in 2005 of EUR1.4bn, has a diverse portfolio having last year merged its dairy product interests with those of Europe's leading hard cheese maker Entremont Fromager.
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