The Biscuiterie French belongs since 1998 to the English group United Biscuits, the same property since 2014 of the conglomerate Turkish Yildiz. ( AFP / JEAN-SEBASTIEN EVRARD )
The main candidate for the takeover of a French company founded in 1896, is the specialist Dutch biscuits Continental Bakeries, writes Le Figaro without citing its sources. According to its information, the two groups “would indeed be close to an entry into exclusive negotiations”.
THE SITE OF VERTOU THREATENED ?
Among the interested buyers by BN are also included “at least three funds, including a French and a canadian,” adds the newspaper, according to which the amount of the transfer “would be around 20 to 30 million euros” for the company, which generates a turnover of 80 million euros but do not earn money.
If the sale was going to term, it could raise concerns about the future of the plant BN of Vertou (Loire-Atlantique), which produces the biscuits, as well as the version round mini-BN. The site employment to nearly 400 employees. According to Le Figaro, the site was clearly missing “from 15 years of investment needed for its modernization. According to a sector specialist, he would have had to inject fifteen million euros to avoid the obsolescence of the site”.
United Biscuits is the property since 2014 of the conglomerate Turkish Yildiz, which oversees a wide range of products such as chocolates Godiva, cookies McVitie’s or candy Demet’s. He has just sold the brand original belgian Delacre to the Italian Ferrero.