Maison Milhau, a French supplier of charcuterie products, has been sold, joining local peer Henri Raffin in the hands of FnB Private Equity.
Based in Lacaune in southern France, family-owned Maison Milhau supplies “upmarket” meats, FnB Private Equity said in a statement announcing the deal.
Some of Maison Milhau’s fare is sold under the Label Rouge mark, which purports to assure consumers of the quality of products.
FnB Private Equity said its new asset has “excellent coverage” in supermarkets in southern France.
Maison Milhau was owned by the fourth generation of the Milhau family since it was set up in 1926. The company employs 125 staff. Pierre Milhau will stay on as manager.
Financial details on the deal were undisclosed.
FnB Private Equity acquired a majority stake in Henri Raffin, which it described as “a major player in charcuterie in France”, last autumn.
The buy-out house was set up in 2017 by a team of investors and entrepreneurs, including former Unilever executives Olivier Marchand and Valérie Lutt.
The group of charcuterie businesses being collected by FnB Private Equity generates around EUR80m in sales, the private-equity firm added.