View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 28, 2019

French poultry group LDC gets green light for Remi Ramon acquisition

Acquisitive France-based poultry processor LDC has got competition approval for another transaction, the country's anti-trust watchdog has announced.

By Dean Best

Acquisitive France-based poultry processor LDC has got competition approval for another transaction, the country’s anti-trust watchdog has announced.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

France’s Autorité de la Concurrence this week gave the green light to LDC’s acquisition of local processors Rémi Ramon and its Sofral subsidiary.

LDC, France’s largest poultry company, has bought two slaughterhouses, located in Lassay-les-Châteaux and in Javron-les-Chapelles, both in the north west of the country. Rémi Ramon and Sofral market poultry, in particular under the Duc de Mayenne label.

The competition watchdog said the deal “does not harm the situations of farmers and consumers” despite an “overlap in Pays-de-la-Loire with regard to the collection of chickens, turkeys and guinea fowl”. 

“Despite market shares that are sometimes very high in many of these markets at the local level, the authority considered that the characteristics and functioning of poultry markets, in particular at the stage of slaughtering chickens and turkeys, are a constraint on the competitive behavior of the new entity in the areas concerned,” the watchdog said.

It added its analysis was “confirmed by the majority” of farmers interviewed as part of a consultation on the deal.

The watchdog also pointed to “competition from several operators at the national level”, in particular from companies including Terrena and Duc.

“The authority has also taken into account the growing importance of imports in the poultry sector, which exerts strong competitive pressure on the French poultry sector as a whole, and on the LDC group in particular,” it added.

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food