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November 23, 2012

FRANCE: Senoble in “exclusive negotiations” to buy La Charlotte

French dairy group Senoble is in "exclusive negotiations" with investment firm Naye Invest to acquire its 60% stake in frozen desserts specialist La Charlotte.

French dairy group Senoble is in “exclusive negotiations” with investment firm Naye Invest to acquire its 60% stake in frozen desserts specialist La Charlotte.

The value of the proposed transaction has not been disclosed. La Charlotte’s founder, Fabrice Lagagneur, would retain his 40% stake in the company and continue as its head.

La Charlotte posted a 2011 turnover of around EUR30m (US$38.8m). The firm exports to 17 countries, mainly in Europe but also the US, Canada and Japan.

Buying into La Charlotte would mark Senoble’s entry into the frozen desserts, ice creams and cakes segment. It would also provide Senoble’s fresh dessertssubsidiary “with high-quality expertise” in the frozen segment and “become a perfect platform for international development,” the group said.

Senoble makes fresh desserts under its namesake brand and for brands under licence in France and abroad.

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