The LDC poultry group is considering acquisitions outside France – .

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The LDC poultry group is considering acquisitions outside France – .


PARIS, Dec. 8 (Reuters) – France’s largest poultry group LDC (LOUP.PA) is considering European acquisitions in or around markets where it already has a presence as part of its growth strategy, its head of international operations.

Its significant market share in France, where it holds 40% of the poultry market and 50% of the fresh charcuterie market, leaves the group little room for maneuver in terms of external growth in its country of origin, declared Philippe Gelin.

The group, which achieved a turnover of 4.4 billion euros (4.95 billion dollars) in 2020/21 including 830 million euros generated outside France, began its international expansion there is 20 years with the takeover of a company in Poland, the largest poultry farm in the European Union. producer.

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He then took majority stakes in a poultry company in Hungary, an import-export company in Belgium and, earlier this year, in a Capestone poultry company in Wales, which controls 7% of the UK’s open air markets. and organic.

LDC favors the acquisition of family-owned businesses when entering new markets but remains open to other possibilities, said Gelin, who is due to take charge next year but will remain in charge of the international division.

“Today, the LDC group, depending on the opportunities, has the capacity to make larger acquisitions. We are not embarrassed by the size, ”he said.

Majority stakes could target companies with a turnover of 200 million euros ($ 225 million) per year, Gelin said.

“We first want to strengthen our business through acquisitions in Poland, Hungary and the UK, where we already are,” he said.

The group is also studying other countries in Europe, including those bordering Hungary, he said.

The group is in contact with several potential partners, Gelin said, declining to provide further details.

(1 $ = 0,8894 euros)

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Report by Sybille de La Hamaide; edited by Jason Neely

Our Standards: Thomson Reuters Trust Principles.

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