French group LDC takes majority stake in Gressingham Foods

Group 1 - French poultry giant LDC has acquired a majority stake in UK-based duck business Gressingham Foods through Green Label Holdings, operated by the Buchanan family [1] - The acquisition is part of LDC's international strategy to enhance its presence in the UK, complementing its Welsh subsidiary and European imports [2] - Gressingham Foods, established in 1971, also supplies other poultry products and operates farms covering over 250,000 square meters, meeting around 50% of its poultry meat requirements [3][4] Group 2 - Gressingham Foods has a branded portfolio that includes turkey, goose, and guinea fowl, and serves major UK retailers and the foodservice channel [4] - LDC, with a turnover of €6.3 billion ($7.3 billion), operates across 105 production sites in multiple countries, including France, the UK, Germany, Belgium, Poland, Romania, and Hungary [5] - The CEO of LDC expressed excitement about the partnership with the Buchanan family, highlighting shared values and the potential opportunities for consumers and farming partners [6]