Limagrain, the French agricultural co-operative, has agreed a deal to buy bakery firm Brossard.

The two sides had been in exclusive talks over a deal and today (15 April) Limagrain announced it had signed an agreement with Brossard president and CEO Guy Schumacher – the company’s majority shareholder – to take an initial 77.16% stake in the firm.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The deal remains subject to approval from France’s competition authorities. Should Limagrain get the green light, under French stock market rules, it will then have to table an offer for the rest of Brossard’s shares.

Brossard, which has an annual turnover of around EUR70m (US$101.2m) and employs 300 staff, is best known in France for its range of cakes, finger biscuits and brownies. 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now