View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 25, 2014

FRANCE: Regulator gives FTL nod to purchase Jean Caby plants

France's competition regulator has approved French food holdings group Financière Turenne Lafayette's (FTL) plans to acquire two plants owned by loss-making cooked meats firm Jean Caby.

France’s competition regulator has approved French food holdings group Financière Turenne Lafayette’s (FTL) plans to acquire two plants owned by loss-making cooked meats firm Jean Caby.

FTL owns French charcuterie brands Madrange and Paul Prédault, as well as ready meals brand, William Saurin.

“The bid for the Jean Caby plants continues the strategy which FTL’s has pursued for many years of acquiring firms or the assets of firms not in the best shape and restructuring them through investment,” Sébastien Murbach, a food industry analyst at PwC told just-food.

“In the case of cooked meats, it is creating a portfolio of brands with critical mass which can challenge French market leaders Fleury Michon and Herta, as well as having the production capacity to serve the private-label segment and sufficient size to negotiate with retailers.”

Related Companies

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