Bur Distribution, a France-based manufacturer and trader of deli products has snapped up Accent Bio, a local business supplying dried-fruit products.
FnB Private Equity, which owns a majority stake in Bur Distribution, announced the deal today (26 April). Financial terms were not disclosed.
Founded in the southern French town of Castelnaudary in 2005, Accent Bio is the third-largest player in France’s market for dried fruit, FnB Private Equity said. The company sells products to organic retailers.
Bur Distribution’s business is through France’s supermarket channel. The company, located in the Paris region, sells products under its Eric Bur and Rödel brands, as well as distributing a portfolio of overseas products into France’s supermarkets.
In a statement, FnB Private Equity said the combined business would have a turnover of more than EUR35m (US$42.3m).
André du Sartel, Bur's chairman, said: "We are very happy to have carried out this transaction, which brings together complementary know-how, while ensuring that each company operates on its specific territory. The new group becomes a major operator of the grocery store in both distribution channels."
FnB Private Equity was set up in 2017 by a team of investors and entrepreneurs, including former Unilever executives Olivier Marchand and Valérie Lutt. The private-equity firm's assets include French charcuterie business Lartigue et Fils.