:. Food Industry News

Categories: Mergers and Acquisitions

French Food Group Sill in Talks to Take Over Dairy Company Laiterie de Saint-Malo

Source: FLEXNEWS
14/07/2008

14 July 2008 – Local media report that Sill and Laiterie de Saint-Malo are currently discussing a merger which would involve the former company taking over the latter.

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“Our companies complement each other, this merger should strengthen both family-owned businesses,” Sill Managing Director Gilles Falc’hun was quoted as saying.

Sill started off as a dairy company and later diversified into fruit juices (Sill Plein Fruit), ready meals (Primel) and soups (la Potagère). The 650-employee strong company reported a turnover of €250 million in 2007.

Best known locally for its Malo brand of yoghurts, Laiterie Saint-Malo also produces 20,000 tonnes of powder milk for the global confectionery industry. It employs 120 staff and last year reported an € 85-million turnover, half of it accounted for by exports.



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