French sliced ham and charcuterie group Madrange is no longer for sale, it emerged after the founding Madrangeas family reasserted their control of the business.
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Jean Madrangeas, 53, who was at the helm for a period of 17 years until his departure in 2007, has taken up the post of chairman of the supervisory board, a spokesperson for the company told just-food.
The group has also appointed food industry veteran, Franck Rouard, as its new CEO. His main tasks will be the redeployment of the group’s sales activities and its industrial, re-organisation, the company said.
He will replace Bruno Vincent-Genot, who took up the post a year ago.
In February this year, Madrange entered into takeover talks with French food holding company Financière Turenne Lafayette.
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By GlobalDataThe spokesperson underlined that the sell-off plans have now been dropped.
