French private-equity firm Florac has purchased tinned fruit maker St Mamet from a group of Italian co-operatives, Conserve Italia.

The value of the transaction has not been disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Florac said the acquisition comprised St Mamet's production of canned fruit and compotes, the Mamet brand and its plant in Vauvert in southern France.

The change of ownership is designed to allow St Mamet "to pursue its development, to innovate and return to growth", Florac added.

Founded in 1959, St Mamet employs close to 150 permanent staff, rising to almost 600 during the high season for production. It is supplied by 150 local growers.

See Also:

It has an annual turnover of EUR100m and claims to have a share of around 40% of the French canned fruit market in the supermarket and catering channels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under its new ownership, St Mamet will be headed by Matthieu Lambeaux, formerly CEO of Findus Group's operations in France and southern Europe.

"St Mamet is at a new turning point in its history," he said. "When its recovery is completed, there is the prospect of it becoming a global player and market leader…….through new and innovative categories."