1 April 2008 – Bongrain Europe, a Bongrain subsidiary, has sold its 99.59% stake in cheesemaker Fromageries Paul Renard to Altarea SCA, the latter has announced in a statement.
The transaction was worth an estimated €14.7 million.
Altarea will now launch a tender offer on the remaining shares in Euronext-listed Fromageries Paul Renard.
Fromageries Paul Renard specializes in the production and distribution of cheeses under the brand name “Maison Boursault”. France accounts for two thirds of its turnover.