What's New ? - 2019

What's New ? - 2019

LDC makes acquisition in Belgium

8 July, 2019

LDC, the France-based poultry supplier, has snapped up Kiplama, an import and distribution business in Belgium.
LDC said it supplies 40% of the products handled by Kiplama, which it described as a "distributor of French speciality poultry products". Kiplama's turnover was EUR39m (US$44m) in 2018, generating an EBITDA of "slightly above" EUR1m. Reporting results for its financial year that ended on Feb. 28, LDC said full-year current operating profit rose to 190.1 million euros from 184.7 million euros a year earlier. It expects operating profit to reach 200 million euros in 2019/2020 as its international division benefits from the takeover of Hungarian group Tranzit last year and the French convenience market continues to grow. LDC expects further growth on the French poultry market, where it already has a market share of nearly 40%.
LDC’s net profit rose to 148.7 million euros from 140.7 million while sales topped 4 billion euros ($4.5 billion) for the first time, rising 7.7% to 4.1 billion.
In May last year, LDC bought assets from fellow French poultry processor Doux.
In July, the company acquired two duck-meat suppliers Péridy and Couthouis.In May this year, LDC got competition approval to buy local processor Rémi Ramon and its Sofral subsidiary.