Embattled French poultry exporter Tilly-Sabco Bretagne, in receivership since July, has been sold to Dutch food group Wegdam Holding.
Wegdam, based in the Netherlands and one of the largest exporters of frozen foods to Africa, was among a clutch of companies to table bids for parts or all of Tilly-Sabco, including French poultry giant LDC. The financial details of its bid were not disclosed.
Go deeper with GlobalData
Announcing a deal on Friday (16 December) for the entire Tilly-Sabco business, Wegdam said the acquisition would “directly save 61 employees from redundancy”. Wegdam said it “expects” the new Tilly Sabco International, to “grow to over 100 employees”.
The French firm would concentrate “primarily” on the production of chicken sausages and packing frozen foods, Wegdam said. Wegdam’s main products are frozen chicken, meat and fish, as well as dry foods such as sunflower oil and canned fish. The company markets food brands in Africa including Nana and Chef Special.
Wegdam said the deal would help “enlarge its markets in Africa [and] will also create possibilities to expand to other countries, for example the Middle East”.
See Also:
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.
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
