France-based pork producer and charcuterie manufacturer Cooperl Arc Atlantique is set to acquire a slaughterhouse in the west of Brittany once owned by Gad, a fellow and local meat processor that went into administration in 2014.
The facility is located in the Lampaul-Guimiliau commune in the department of Finistère, where Cooperl already has a presence after purchasing the assets in 2017 of five charcuterie units then owned by French food holding company Financiere Turenne Lafayette.
Cooperl announced it has signed an agreement with the local government office to acquire the Lampaul-Guimiliau slaughterhouse, which comes under the ownership of the Regional Public Land Establishment (EPFR) and is operated by the Community of Communes of the Land of Landivisia.
Brittany-headquartered Cooperl said it plans to invest in the site over time, with the ultimate objective of re-establishing an automated slaughter and cutting operation at Lampaul-Guimiliau, a project that could lead to the creation of 500 jobs and the revitalisation of the Finistère pork sector.
No financial terms have been disclosed.
Last month, it emerged Cooperl and its subsidiary Brocéliande have been given a reprieve over the payment of a EUR35.5m (US$41.8m) fine imposed by France’s competition authority over their alleged roles in a ham price-fixing cartel having previously requested leniency for acting as the whistleblower in the case.