French poultry processor LDC has set up a team to identity possible foreign acquisition targets.
Speaking at the presentation of LDC’s annual results, CEO Denis Lambert said the company was “ready to make a very big purchase”, having a war-chest of EUR54m at its disposal. “We would not hesitate getting into debt if the acquisition merited it,” he said.
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LDC’s international business and exports only represent 15% of its turnover of EUR2.9bn. Poland accounts for the bulk of that business and Spain the remainder. “Our dependence on the French market is a worry to us,” Lambert added.
Several countries are on LDC’s radar including the UK, Germany and Italy, as well as Turkey.
However, LDC has not excluded continuing to participate in the consolidation of the French market. It recently purchased two sites from rival Doux.
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