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.
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.
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.
In 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.
