FRANCE – Domaine des Coteaux, a French stone fruit producer based Générac, France has been acquired by leading French fruit company Innatis for an undisclosed sum.
Since its founding in the 1950s, Innatis has diversified from its core business of producing, packaging and marketing apples into the wider fruit trade in France and abroad.
Innatis’ latest acquisition, Domaine des Coteaux produces peaches and nectarines, as well as apricots, cherries and kiwis, and reportedly sells nearly 13,000 tons of fruit per year.
In 2020, Domaine des Coteaux committed to the Red Label approach for some of its varieties of peaches, nectarines and apricots.
This label designs products which, especially by their production conditions, have a superior level of quality.
According to a report by FoodBev, the acquisition deal enables Innatis to expand its range and diversify into stone summer fruits.]
“Renewal is at the heart of our common approach and this collaboration will enable us to join forces in modernising and perpetuating our crops.”
Domaine des Coteaux CEO – Nathalie Bonnet
Innatis and Domaine des Coteaux share the same values and make it a priority to produce healthy fruit of good quality while being attentive to the environment.
These feature makes them a perfect fit and would enable them take advantage of the economies of scale and synergies that are anticipated to come with the merger.
Even with the acquisition, Domaine des Coteaux CEO Nathalie Bonnet will continue in her role, while also joining Innatis’s strategic board.
Commenting on the acquisition, Bonnet said: “I am delighted to team up with Innatis. We share the same values and make it a priority to produce healthy, quality fruits while being attentive to the environment.
“Renewal is at the heart of our common approach and this collaboration will enable us to join forces in modernising and perpetuating our crops.”
In addition, Innatis has ‘opened its capital’ to Unigrains, an agri-food investor that will support Innatis in new growth projects.
“With Unigrains, Innatis has found an ideal partner to carry out its growth projects,” said Marc Rauffet, president of Innatis.
“This ambition is perfectly illustrated by the acquisition of Domaine des Coteaux, where our pioneering spirit, our expert know-how and the particular attention we pay to nature bring us together and make this collaboration particularly meaningful.”
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE
