France-based poultry major LDC is currently in discussions regarding the acquisition of Les Délices de Saint Léonard from the Agromousquetaires Group.
As per a filing from LDC, the Les Délices de Saint Léonard factory, situated in the north-western region of France, specializes in the production of fresh and frozen pizzas, pancakes, quiches, and pies.
Since 2002, it has additionally been involved in the production of “club and maxi format” sandwiches, fresh snacks, and baguettes. According to LDC, the company boasts a turnover of nearly €50 million ($52.6 million) and sustains employment for 265 individuals.
The products of Les Délices de Saint Léonard are branded and marketed under Fiorini, Monique Ranou, Claude Léger, and Top Budget.
“Discussions with a view to its acquisition by the LDC Group are underway but there is currently nothing to define the outcome,” the poultry group added.
“Any significant information in this file, likely to be of interest to its shareholders and more generally to all investors, will be brought to the attention of the market, in accordance with regulations, by means of a press release.”
Agromousquetaires serves as the industrial hub of Groupement Les Mousquetaires, a prominent private-label manufacturer based in France. This subsidiary encompasses approximately 11,000 personnel across 70 industrial and logistics facilities, which include about 50 factories divided into six performance centers.
Established in 1968 through the amalgamation of the Lambert, Dodard, and Chancereul families, LDC is renowned for its notable brands, including Loué, Le Gaulois, Maître Coq, Poule et Toque, Marie, and Nature & Respect.
At present, the agri-food group boasts a network of 93 sites, 14 platforms, over 25,000 employees, and an annual revenue of €5.8 billion.