French ready meal-to-sauces firm Raynal & Roquelaure is poised to change hands with one financial holding company set to replace another as the group’s owner.

In a filing to the French Competition regulator, the Autorité de la Concurrence, Financière Cofigeo said it is planning to acquire the entire stake of the company’s owner, the Compagnie Des Minquiers.

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The value of the proposed transaction has not been disclosed.

Founded in 1913, Raynal et Roquelaure produces its own-brand cassoulet and a range of tomato sauce-based dishes under the Zapetti brand. In 2008, it acquired the rights to Buitoni pasta sauce brand in France, re-naming it Zapetti.

Raynal et Roquelaure’s latest published financial figures date back to 2009 and reveal an annual turnover of EUR129m (US$175.6m).

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