Terrena, France’s biggest food co-operative, plans to invest over EUR60m (US$86.1m) to expand its beef and pork business, which was recently reorganised into a single operating unit – Elivia.
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The company said that it will pursue growth in “all distribution channels in order to become a “solid number two” in the French market, behind Bigard, and expand in Europe.
A spokesperson for the company told just-food that discussions are underway with Bigard, the largest pork and beef group in France, with a view to acquiring five of its slaughter houses.
Investment will also focus on upgrading its 14 existing production plants.
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