Brittany-based food group Société Industrielle Laitière du Léon (SILL) has acquired dairy firm Laiterie de Saint-Malo (LSM) for an undisclosed sum.
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SILL has purchased LSM’s entire capital from its founders, the Gizard family and Laiterie Nouvelle de l’Arguenon, a subsidiary of the Coopagri and Terrena cooperatives.
“The synergies expected should allow for the creation of a joint sales force for fresh dairy products, an optimisation in the promotion of powdered milk in France and abroad and important growth prospects,” SILL said.
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By GlobalDataWith an annual turnover of almost EUR85m (US$115.4m), LSM manufactures a range of products including yogurts, fromage frais and fresh cream. It is also a major supplier of powdered milk to chocolate makers, producing around 20,000 tonnes annually under the Hatmaker brand.
