French poultry processing group Arrivé, best-known for its Maître Coq brand, has announced that it is studying the possibility of opening up its capital to an industrial investor.
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The group, based in western France, posted a 2008 turnover of EUR577m (US$750.7m), said in a statement the move was necessary in order “to consolidate growth and conquer new markets.”
However, reports in the French press go further, claiming the group is effectively up for sale with chairman and CEO Jacques Arrivé and his family -which own 35% of the capital and holds the majority of voting rights – looking to relinquish control.
The other main shareholders in Arrivé are co-operative CIAB (28%) and food industry investor Unigrains (36%).
A senior Arrivé official declined to comment on the reports, telling just-food that “a number of solutions on the future of the group are being considered.”
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