French food co-op Eureden has agreed to sell a majority stake in charcuterie busness André Bazin to local peer Arcado.
In a statement, Eureden, the co-operative behind the D’aucy and Paysan Breton brands, said the tie-up will see André Bazin and Arcado pursue growth in “high-quality” regional charcuterie and “expand their operations” upstream and downstream. Financial terms were not disclosed.
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André Bazin specialises in charcuterie and ingredients, selling primarily to manufacturers and foodservice customers. Arcado, based in Franche-Comté in eastern France, produces regional charcuterie for supermarkets.
Dany Rochefort, the president of Eureden, said: “With these shared values and strong complementarities, this solid project fits into the strategy of the meat division of the Eureden group, while ensuring the long-term future of the Bazin company perfectly and its employees.”
Eureden said the deal is intended to support its goals of developing supply chains connected to upstream producers, particularly pig farmers within the cooperative.
The transaction, it added, will “ensure the long-term viability” of André Bazin with management remaining in the Franche-Comté region and production sites continuing to operate, while “balancing” the customer mix across supermarkets and hypermarkets, the foodservice sector, and industrial clients.
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By GlobalDataFor Arcado, the proposed transaction fits a strategy that has seen it expand organically as a platform for SMEs, according to the statement.
The companies are aiming to complete the deal early next year, pending competition clearance.
Arcado makes PGI and Label Rouge cured meats and charcuterie. The company comprises five businesses, employs 350 full-time equivalent staff and generated a turnover of €116m ($133.4m) last year.
André Bazin became a wholly owned subsidiary of Eureden last year after the co-op first invested in the business in 2021.
The company, which employs 363 people, produces more than 21,000 tons of cured meats, charcuterie and cooked meats a year. Its turnover was €120m last year.
Eureden was formed through the merger of the D’aucy and Triskalia co-operatives, first announced in 2017 and completed in 2020 after asset disposals.
The co-op counts 17,000 farmer members and employs 8,000 people. It operates 40 sites, including facilities in Spain, Germany and Hungary.
Group turnover was €3.8bn ($4.45bn) in its 2024 financial year, compared with €3.9bn in the previous 12 months.
Last month, The European Commission sent a proposed joint venture between Eureden and frozen veg supplier Greenyard to France’s competition watchdog, the Autorité de la Concurrence.
In March, Belgium-headquartered Greenyard announced it was looking to buy a majority shareholding in fellow frozen vegetables group Gelagri Bretagne in France.
Brittany-based Gelagri Bretagne, owned by Eureden, also produces ready meals, soups and purées.
