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Strategic Investment Fund Invests 50 Mln Euro in Miller and Malt Firm Siclaé

Source: FLEXNEWS
02/11/2010

2 November 2010 - France's strategic investment fund - Fonds Strategique d'Investissement (FSI) - has announced that it will acquire a stake in French miller and malt producer Siclaé.

FSI will also invest 50 million euro in Siclaé to finance targeted acquisitions and help it consolidate its market positions, it said.

Established in 2005, Siclaé's sales for fiscal 2009/10, ended June, amounted to 1.65 billion euro. Siclaé operates 76 sites worldwide and employs approximately 6,250 people.

Siclaé was created after the merger of 5 cooperatives all located in the northeast of France: Champagne Céréales, Nouricia, EMC2, Société Coopérative Agricole de la Champagne, and Société Coopérative Agricole de Sézanne.

62.2% of Siclaé's capital is owned by Champagne Céréales, 19.3% by Nouricia, 14% by EMC2, 2.4% by Société Coopérative Agricole de la Champagne, and 2.1% by Société Coopérative Agricole de Sézanne.

Siclaé's main subsidiaries are Malteurop, NutriXo, Chamtor, Champagne Maïs, NESTAL and ARD. Siclaé also has interests in Ineos Champlor and LMT Oléagineux.



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