View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 3, 2002

FRANCE: Masterfoods, Royal Canin sell assets to Agrolimen

Mars subsidiary Masterfoods and Royal Canin of France have agreed to sell some of their merged pet food activities to Agrolimen of Spain. The move is intended to remove anti-competition obstacles to their merger. The two companies will divest Royal Canin’s exclusive pet food brands and two French production facilities. The disposals represent 150,000 tonnes of pet food volumes, valued at some €230m (US$208.4m) in sales.

Mars subsidiary Masterfoods and Royal Canin of France have agreed to sell some of their merged pet food activities to Agrolimen of Spain. The move is intended to remove anti-competition obstacles to their merger.

The two companies will divest Royal Canin’s exclusive pet food brands and two French production facilities. The disposals represent 150,000 tonnes of pet food volumes, valued at some €230m (US$208.4m) in sales.

In February the European Commission gave its conditional approval to Masterfoods’ takeover of Royal Canin, which takes Mars to the top of the EU pet food sector.

Royal Canin Chairman Henri Lagarde said in a statement that the divestments represented “a substantial sacrifice in terms of sales, margins and markets, but they should lead the group to emphasise its strategy towards its clients and top-of-the-range health nutrition”.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food