LDC, the French poultry supplier has announced it is in negotiations to buy Hungarian peer Marnevall.
The Sablé-sur-Sarthe-based company confirmed the move in a statement accompanying the release of its annual results on Wednesday (27 November). Financial details were not disclosed.
The statement said: “LDC has entered into exclusive negotiations for the acquisition of the Marnevall Company, which specialises in frozen breaded products.”
It added: “This new operation illustrates the strategy of targeted acquisitions in favour of companies with high added value and which fit well into the local commercial and industrial development.”
LDC reported Marnevall’s most recent figures showed annual turnover of EUR20m (US$22m) and EBITDA of EUR3m.
Marnevall has markets more than 100 products including frozen chicken items such as nuggets.
In July, LDC bought Kiplama, an import and distribution business based in Belgium.
Last month it inked a deal to buy a chicken production facility from the Casino Group, one of France’s largest supermarket chains.