Dairy group Senoble is poised to relinquish a 49% stake in Senagral, a joint venture with Agrial, leaving the French co-operative as the sole shareholder.
Senagral was founded in 2012 after Senoble sold 50% of its retail own-label yogurts and fresh dairy products business to Agrial.
Go deeper with GlobalData
Senoble chairman Marc Senoble said the decision to withdraw “reflects the pursuit of its strategy to gradually pull out of an activity which has been loss-making for the past five years.”
The venture operates from four of Senoble’s plants producing yoghurts and fromages blanc under private labels for the French market. On launch, its annual turnover was estimated at around EUR300m (US$382m).
Senoble said it would now “dedicate itself even more strongly” developing its branded and own-label desserts business.
Senoble will operate from its two remaining sites in France, in La Rochelle and Boulogne-sur-Mer, as well as six plants located elsewhere in Europe.
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 GlobalDataThe company would step up its presence in the upmarket desserts segment where both organic and external growth opportunities were under consideration, it added.
