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Tag "Bonduelle"

Bonduelle Strengthens its Finances

    Bonduelle Strengthens its Finances

Bonduelle Group, the world leader in processed vegetables, has established a Revolving Credit Facility amounting to Eur300 million. This line of credit, which was largely oversubscribed, is part of Bonduelle’s overall financing strategy and international expansion, which saw it announce three acquisitions earlier this year (Allens’ frozen facility plants in the USA, vegetables canning plants […]

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Bonduelle Gets Green Light For Hungarian Acquisition

    Bonduelle Gets Green Light For Hungarian Acquisition

Bonduelle Group, the world leader in processed vegetables, has strengthened its position in Central Europe after receiving the approval of the Hungarian competition authorities for its acquisition of Kelet-Food, a canning factory with a capacity of 25,000 to 30,000 tonnes. Located in Nyiregyhaza, north-east of Budapest, Kelet-Food produces canned sweet corn and peas, which it […]

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Bonduelle Closes in on Russian Acquisition

    Bonduelle Closes in on Russian Acquisition

Bonduelle Group, the world leader in processed vegetables, has concluded negotiations regarding the acquisition of the agro-industrial and commercial assets of French co-operative CECAB in Russia and in the countries of the Confederation of Independent States (CIS). The acquisition, which was announced last October, should take effect in the first quarter of 2012 for the […]

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Bonduelle Predicts Growth Despite Profits Fall

    Bonduelle Predicts Growth Despite Profits Fall

Bonduelle, world leader in processed vegetables, has reported at 10.7% rise in turnover to Eur1.73 billion for the year ended June 30th 2011 but operating profit before taxes dropped 22.8% to Eur80.7 million. The sales growth reflected a full year contribution from the consolidation of France Champignon, Europe’s largest mushroom producer, and the positive impact […]

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Bonduelle Returns to Growth

Reflecting the impact of the integration of acquisitions and favourable currency exchange rates, Bonduelle has increased turnover by 10.7% to Eur1.73b for the year ended June 30th 2011. The French vegetable processor expects operating profits of between Eur78m and Eur81m for its 2010-11 financial year.
 
The successful integration of France Champignon for the full year (against […]

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Bonduelle Opens €20 Million Italian Facility

French vegetable processor Bonduelle has opened its latest production unit at San Paolo d’Argon in Italy. With a production capacity of 20,000 tonnes of finished product, the facility is the largest in Europe dedicated to bagged green salad.
The plant has been completely rebuilt on the site of a former factory, which was totally destroyed by […]

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Bonduelle and Ardo Establish Spanish Joint Venture to Supply Findus

    Bonduelle and Ardo Establish Spanish Joint Venture to Supply Findus

The Ardo and Bonduelle groups are to set up a joint venture to supply frozen vegetables to the Spanish and Portuguese markets. Ardo and Bonduelle have also signed an exclusive supply agreement with Findus, which is returning to the Spanish and Portuguese frozen foods markets.
The agreement between Bonduelle and Ardo provides for a joint venture […]

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Bonduelle Opens First Plant in Brazil

French and international vegetables processor Bonduelle has opened its first factory in Brazil. Based in the state of Goias, the new plant is catering to a large and growing canned-vegetables market and  was designed for year round operation in high-altitude, tropical conditions. Representing investment of Eur15m, the Brazilian factory employs 80 people and has an […]

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