LDC Enters Exclusive Negotiations to Acquire 100% of Pierre MARTINET Group

LDC (FRFR0013204336 - LOUP) has announced its entry into exclusive negotiations for the acquisition of Pierre MARTINET Group, a leading family-owned company in catered salads and the top producer of tabbouleh in France. This potential acquisition aligns with LDC's 2026-2027 strategic roadmap to expand its brands and market offerings, especially in catered salads.

Pierre MARTINET Group, founded in 1968 and still led by its founder, posted a 2023 turnover of nearly €230 million with over 700 employees across five production sites. The group's product portfolio includes catered salads, seafood salads, charcuterie products, and savory pastries. Its "Végétal" vegan range, launched in 2017, exemplifies its commitment to innovation.

The parties aim to finalize the transaction by the end of 2024, pending agreement on sale terms and approval by the French Competition Authority. This acquisition would significantly boost LDC's presence in the catering sector, enabling it to cover 70% of catering product families in supermarkets and hypermarkets.