The boss of French poultry giant LDC today (29 May) insisted there would be no impact on jobs if its planned takeover of smaller rival Groupe Arrivé goes through.
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LDC chief executive Denis Lambert told just-food that the company, the largest poultry firm in France, wants to build the enlarged business.
The deal remains subject to regulatory approval but Lambert said the takeover of France’s fourth-largest poultry firm would boost LDC’s capacity.
“There will be no impact on employment as we want to develop the business,” Lambert said this afternoon.
LDC does not intend to acquire all of Arrivé’s operations. Arrivé holds a 60% stake in poultry business Fermiers Landais but its venture partner, the co-operative Maïsadour, has an option to buy the unit should Arrivé change hands.
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By GlobalDataLDC has moved for Arrivé to boost its value-added business and its branded portfolio. Arrivé’s product range includes the Maître Coq brand and will join an LDC range that includes the Le Gaulois and Loué brands.
The combined turnover of the emlarged group would stand at around EUR2.4bn (US$3.39bn), Lambert said. France’s second-largest poultry group, Doux, has revenues of EUR1.7bn.
In January, LDC bought Entracte, France’s fourth-largest sandwich maker. The firm produces around 27m sandwiches each year and has an estimated turnover of around EUR26m. Last year, LDC also snapped up Polish meat processor Tarczynski.
