Is Bonduelle ready to develop "Green Giant" ?
FJ
The Bonduelle food group could launch a bid for " Green Giant " , the branch of frozen and canned vegetables of the American GENERAL MILLS.
Other companies may also make offers , according to Reuters. GENERAL MILLS is in the process of restructuring and might sell its frozen and canned vegetables sectors, which while remaining profitable is losing momentum. Revenues from " Green Giant " are estimated at $ 700 million (approximately € 646 million ) per year.
The Bonduelle Group is expected to total 2 billion euros in sales for the current year. For several years Bonduelle increased its operations in North America with the acquisition of certain activities of the American company ALLENS and the Canadian companies OMSTEAD FOODS, TRADITION FAMILY FOODS, FOOD and CAREER in the frozen vegetables / canned vegetables .
source : reuters, la tribune, boursier com