French group LDC takes majority stake in Gressingham Foods

French poultry giant LDC has bought a majority stake in the UK-based duck business Gressingham Foods. The transaction has been struck through Green Label Holdings operated by the Buchanan family, the owners of Gressingham Foods. Publicly-listed LDC did not disclose the financial terms nor the size of the interest in a statement, which described the deal as a “strategic partnership”. “This acquisition supports LDC's international strategy by expanding its presence in the United Kingdom alongside its Wels ...