FRENCH poultry integrator LDC has said it is looking for more acquisitions in markets across Europe as part of its growth strategy.
The firm, France’s largest poultry group with 40% market share, said it was looking to expand in markets in which it is already present.
That includes the UK, following LDC purchasing a majority stake of Welsh organic poultry specialist Capestone in Wales for £28m earlier in 2021.
Philippe Gelin, head of international operations at LDC, told Reuters the firm favoured family businesses but remained open to other opportunities.
“Today, the LDC group, depending on opportunities, has the capacity to make bigger acquisitions. We are not hindered by size.”
Majority stakes could target companies with €200 million euros in sales per year, Mr Gelin said.
“First, we want to strengthen our business through acquisitions in Poland, in Hungary and the UK, in places where we already are,” he said.
In addition to Capestone, LDC has purchased a poultry company in Hungary and an import-export business in Belgium and has activity in Poland.