France-based fruit and chestnut supplier Roger Descours Group has brought in outside investment to try to build on its international presence.
Agribusiness-focused finance house Unigrains has acquired a minority stake in Roger Descours Group, which supplies manufacturers as well as marketing products to retail and foodservice custoners under brands including Frutid’Or, Vivermont and Cueillette Descours.
Financial details were not disclosed, nor the size of the stake Unigrains has taken in the business. It is the first time Roger Descours Group has taken on outside investment.
Chief executive Roger Descours remains the majority shareholder in the manufacturer, which generates 40% of its sales through exports. The company’s sales were not disclosed. Four of the supplier’s executive team have also become investors.
Announcing the transaction, Mr Descours said: “This is an important step in our group’s history. With Unigrains, I found investors that share my vision and goals, whose majority shareholders – professional associations of farmers – hold the same values that guide my actions daily: respect for our terroirs and savoir-faire, quality without concession and ambitions for international development.”
Unigrains said Roger Descours Group was looking “accelerate its development, both in chestnut processing and the commercialisation of frozen fruits”.
Bruno Julla, Unigrains’ investment director, added: “The group’s strong market positions, the quality of its assets and its teams and Roger Descours’ projects, which combine product innovation and strengthening the supply chain, fully convinced us to support the group in achieving its ambitions.”