FRANCE: Jeanjean makes two acquisitions
Jeanjean has paid a reported €3.8m for the purchase of family firm, Rigal, based at Parnac. This will give the company an entrée into the AOC market from Bergerac to Fronton and in particular around Cahors.
Rigal posted sales of €17m in 2002.
Having bought Rhone Valley traders, Ogier and Leonce Amoroux, Jeajjean has not ruled out further acquisitions.
The group has also acquired 58% of the capital it did not control in "bag in box" specialist, Le Cep Francais, based near Montpellier. The company packaged 3.8m "bibs" in 2002, 80% bound for export, which generated sales of €21.3m.
Jeanjean posted a net income in 2002 of €2.27m (+17.2%) from a turnover of €136.2m (+9.7%). Exports accounted for a third of sales.
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