Cold meat specialist Jean Caby is poised to be sold to the Societe Bretonne de Salaisons (SBS), the 100%-owned French affiliate of US group Smithfield, a move that is expected to create the biggest group in the sector in France.
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The takeover is likely to be made public next week and take effect by July
this year.
Based near Lille, in northern France, Jean Caby posted a current income of €2.8m (US$3.4m) in 2003 from a turnover of €128.6m. France’s leading producer of cocktail sausages, the company is currently launching a range of low fat/salt products. Its production output last year was 27,400 tonnes.
The new group formed from the takeover would have an annual production output of 95,000 tonnes and a consolidated turnover of between €350m to €400m.
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By GlobalData
