Bonduelle sells Brazil plant to Stella d’Oro Alimentos

Bonduelle has agreed a woody to merchantability a mill successful Brazil to section radical Stella d’Oro Alimentos.

Just Food understands the French veg radical plans to clasp a commercialized beingness successful the country.

The presumption of the woody for the mill successful Cristalina successful the cardinal authorities of Goiás were undisclosed.

Bonduelle declined to remark erstwhile approached by Just Food.

According to the yearly study for the company’s 2024-25 fiscal twelvemonth – which ran to the extremity of June – the radical has 201 unit successful Brazil.

The Cristalina tract was Bonduelle’s sole mill successful Brazil, the study noted. The canned- and frozen-veg radical archetypal entered the state with the opening of a income bureau successful 1994.

Stella d’Oro Alimentos had not returned requests for remark astatine the clip of publication.

The company, based successful Itápolis successful eastbound Brazil, markets products including condiments and canned foods.

Stella d’Oro Alimentos’ acquisition of the Bonduelle works remains taxable to reappraisal by Brazil’s contention officials.

Bonduelle does not disclose income by geographic market, alternatively splitting its income into 2 regions: Europe and “non-Europe”.

In the twelvemonth to the extremity of June, Bonduelle generated income of €2.2bn ($2.55bn), down 0.9% connected 12 months earlier.

Sales from the non-European markets grew 4.4% to €849.3m, helped by maturation successful North America. In Europe, income fell 3.9% to €1.35bn.

In July, Bonduelle finalised the merchantability of its packaged-salad concern successful France to French food-and-beverage institution LSDH Group, a woody archetypal announced successful August past year. The assets sold accounted for astir €80m successful sales, Bonduelle noted successful July.

In March, the institution sealed the disposal of its packaged-salad limb successful Germany to US radical Taylor Farms, a woody besides announced past August.

Last week, Bonduelle booked a 2.1% autumn successful first-quarter income to €519.8m.

"Bonduelle sells Brazil works to Stella d’Oro Alimentos" was primitively created and published by Just Food, a GlobalData owned brand.

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