Private-equity firm PAI Partners is in exclusive talks to acquire a 50% stake in the holding company of French food firm Labeyrie Fine Foods.
Labeyrie is majority-owned by Basque food co-operative Lur Berri, which has a 61% stake. Another private-equity firm, LBO France, has a 33% shareholding. The
remainder of the capital is held by Labeyrie’s management.
“Lur Berri is looking to develop Labeyrie and in PAI has found a potential partner with rich experience in the food industry, which has included a shareholding in Yoplait,” a spokesperson for PAI told just-food.
The spokesperson said talks between PAI and Labeyrie’s shareholders had begun earlier this week but could not confirm reports the proposed deal valued the company at EUR500m.
Labeyrie posted a 2013 turnover of EUR757m. It has 15 production plants, principally in France and the UK, employing almost 4,000 staff.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSee Also:
