Biscuit-maker Poult has acquired Brittany-based family firm Panier Tanguy to become France’s second biggest biscuit producer in the sector behind Danone’s LU and the leading manufacturer of retailers’ own brands.
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The acquisition will increase the number of Poult’s production plants from two to four and raise its annual biscuits output from 30,000 tonnes to 52,000 tonnes.
The new group – employing 800 staff and generating an annual turnover of €125m (US$153m) will offer a broad range of products including filled and coated biscuits and wafer, butter and palm leaf cookies.
In 2004, Poult invested €4.6m in increasing capacity at its plant in Montauban, near Toulouse and opening a new production line for jam-filled biscuits.
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By GlobalData
