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May 23, 2019

Marbour Foods eyes production boost for new asset Sibell

Marbour Foods has acquired France-based crisp maker Sibell, which had been under judicial administration since February.

Marbour Foods has acquired France-based crisp maker Sibell, which had been under judicial administration since February.

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  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
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“In acquiring Sibell we are entering what is for us a new branch in the snacking segment, thus broadening our range,” Marbour Foods CEO Etienne Selosse told just-food. 

The value of the transaction was approximately EUR3.3m (US$3.6m).

Selosse declined to comment in detail on the factors that led to Sibell being placed under commercial court protection earlier this year. “That’s a question for the outgoing management to answer but the past few years have been difficult for Sibell following a failed takeover bid for the company,” Selosse explained.

Earlier this year, Marbour Foods itself sold its standard rice activities, comprising three plants in the Netherlands, Poland and Italy to Italian firm Euricom.

Marbour Foods’ annual turnover was almost halved to around EUR180m following the sale. It continues to operate ready-to-eat rice manufacturing sites in Wales, France and Italy. The company also owns Canada-based rice supplier Dainty Food.

Marbour Foods is retaining Sibell’s workforce of 149 personnel but is putting its own senior executive team at the helm, Selosse said.

The company’s takeover plan presented to the commercial court makes provision to increase production by 3,000 tonnes to 9,000 to 10,000 tonnes by 2021 and raise turnover from EUR27m to EUR40m.

“However, over the next year there will be lot of work in getting Sibell back in shape and regaining customer confidence. The first step is to move to a 24-hour production cycle in the very near future in order to accommodate high-season demand in the summer,” Selosse said.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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