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Jean Caby

A commercial court in Lille has pronounced the liquidation of France-based cold meats specialist Jean Caby, having rejected a sole takeover bid for the loss-making company.

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French cooked meats specialist Jean Caby has been granted an additional three weeks by a commercial court in Lille to finalise a takeover bid for the embattled company. 

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France-based cooked meats specialist Jean Caby has received last-minute takeover interest that may ensure its survival having been under court protection since the end of last year.

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French cooked meats specialist Jean Caby has been placed under judicial administration for the next six months by a commercial court in northern France, it is understood.

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French cooked meats firm Jean Caby is to invest around EUR25m in a production plant.

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France's competition regulator has approved French food holdings group Financière Turenne Lafayette's (FTL) plans to acquire two plants owned by loss-making cooked meats firm Jean Caby.

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France's CFDT union has claimed 150 jobs will go at loss-making cooked meats firm Jean Caby in the event of the company's two production plants in Brittany being sold.

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Last week, the race to buy Australian dairy Warrnambool Cheese and Butter Factory took a decisive turn when Murray Goulburn - and WCB investor - accepted the bid from rival suitor Saputo's takeover bid in what has been an ongoing saga. ConAgra Foods and US retailer Trader Joe's were accused of breaking competition law, while Cargill settled discrimination claims out of court. There were rumours French meats firm Jean Caby was undergoing a restructure and that United Biscuits could either float or be sold. And there were job losses at Kellogg, UK baker Bright Blue and US meat giant Tyson Foods. Here is the week in quotes.

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Loss-making French cooked meats firm Jean Caby has moved to cool claims it has found a buyer for its two production plants in Brittany.