UK food group Geest has paid £1.6m (US$2.3m) to acquire French prepared leaf salads company La Société Bretonne do Légumes (SBLP) from an agricultural cooperative.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Based in Brittany, Northern France, SBLP reported turnover worth £4.1m for the year ended August 2001. The deal gives Geest a third French production facility.
Geest’s executive chairman Ian Menzies-Gow said: “The acquisition strengthens our position in the growing prepared salads market in France – an area in which we have considerable experience in the UK – and improves our ability to distribute short shelf life products on a national scale to major retailers.”
