French agricultural cooperatives Vivadour and Terres du Sud have entered “unique discussions” to discover a possible merger.
In an announcement, Vivadour mentioned the co-ops intention to collectively construct the “full agricultural, agri-food, and distribution potential of unified terroirs”.
Vivadour added the boards of administrators of each the cooperatives have accepted “the examine of a merger”.
Worker consultant our bodies throughout each organisations have been knowledgeable concerning the proposed initiative, the assertion mentioned.
Vivador and Terres du Sud each grows and promote a variety of meals elements to producers.
Terres du Sud’s consumer-facing manufacturers embody the poultry model Blason d’Or, duck meat enterprise Delmond L’Origine and fruit juice traces Vallée Verte and O’natur.
O’natur presents a “premium” vary of fruit juices for specialist networks equivalent to natural, wine retailers, delicatessen shops, café-hotel-restaurant and caterers.
Vivadour mentioned the proposed merger of the co-ops could be based mostly on “the complementarity of their territories, their companies, and their abilities.”
If the co-ops determine to merge, the transfer is contingent on approval from the French competitors watchdog.
The cooperatives can even seek the advice of with workers representatives and search approval from cooperative members, doubtlessly via a vote at an Extraordinary Common Assembly scheduled for “the top of 2025”.
Final month, French agri-food cooperatives Euralis and Maïsadour introduced plans to create an entity with a turnover of round €3bn ($3.2bn) via a merger.
Two years in the past, the co-ops pulled plans to mix their operations in foie gras, salmon and direct gross sales after opposition from France’s competitors watchdog.
