French food processing group, CCA, which owns one of France’s best known tinned meals brand, William Saurin, has made a €22m (US$23.6m) bid to acquire cold meats specialist, Paul Predault.
Majority-owned by its company’s founder, Alain Predo, Paul Predault posted a 2002 turnover of €85.9m, down 8.8% on the previous year. However, it maintained its 7% share of France’s sliced ham market and its 9% share of the pre-packed market.
Paul Predault is said to have run up accumulated net losses of €43m between 1997 and 2001.
CCA is already present in the cold meats segment with its subsidiaries Salaisons Henri Antoine and Le Vexin Salaisons.