Spanish food group Borges has acquired French canned-olives maker Tramier for an undisclosed amount to boost its French sales to EUR130m (US$169m) from EUR80m last year, a company official told just-food yesterday (23 January).
Borges said Tramier leads France’s canned-olives market with a 30% market share. It produces 8,000 tonnes and has sales of EUR50m. The transaction will boost Borges’ canned-food output to 15,000 tonnes per year.
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Borges is present in 50 countries but has strong market footholds in Russia and the US’s West Coast where it sells olive oil, canned and dried fruits.
