French dairy, juice and soup products maker Laiterie de Saint-Denis-de-l’Hôtel (LSDH) is to buy salad firm Les Crudettes from local company Groupe Pomona.
LSDH has intially taken a 66% stake in Les Crudettes and will take full control over the next two years. The value of the transaction has not been disclosed.
LSDH described the purchase as being part of its diversification strategy. It marks the first time the group has ventured out of liquid food, where 70% of its business is in supplying supermarkets’ private labels.
LSDH has undertaken to retain Les Crudettes’ 500-strong workforce, which is based at two plants.
Its activities also encompass snack products with a range of ready-to-eat salad dishes, prepared fruit and breadless sandwiches. It posted turnover of EUR76m (US$103.8m) in its last financial year.
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