LDC, the France-based poultry supplier, has snapped up Kiplama, an import and distribution business in Belgium.
The acquisition, announced alongside LDC’s first-quarter sales numbers, sees LDC buy a company it already works with in the Benelux region.
Go deeper with GlobalData
LDC said it supplies 40% of the products handled by Kiplama, which it described as a “distributor of French speciality poultry products”.
The financial details of the deal were not disclosed. LDC did reveal Kiplama’s turnover was EUR39m (US$44m) in 2018, generating an EBITDA of “slightly above” EUR1m.
“With this acquisition, the group benefits from a new base of development on this territory,” LDC said in a stock-exchange filing.
See Also:
LDC generated an 8.2% increase in sales to EUR1.06bn in its first quarter, which ran to the end of May. Stripping out the impact of recent M&A, sales were up 3.7% at EUR1.02bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn May last year, LDC bought assets from fellow French poultry processor Doux. In July, the company acquired two duck-meat suppliers Péridy and Couthouis.
In May this year, LDC got competition approval to buy local processor Rémi Ramon and its Sofral subsidiary.
