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Bonduelle sells Brazil plant to Stella d’Oro Alimentos
Yahoo Finance· 2025-11-18 12:12
Core Insights - Bonduelle has agreed to sell its sole factory in Brazil, located in Cristalina, to local group Stella d'Oro Alimentos while planning to maintain a commercial presence in the country [1][2] - The deal's financial terms remain undisclosed, and the acquisition is subject to review by Brazil's competition officials [3] - Bonduelle's sales for the fiscal year ending June showed a slight decline of 0.9% to €2.2 billion ($2.55 billion), with non-European sales growing by 4.4% to €849.3 million, while European sales fell by 3.9% to €1.35 billion [3] Company Operations - The Cristalina factory was Bonduelle's only manufacturing site in Brazil, which the company entered in 1994 with a sales office [2] - Bonduelle plans to supply its European customers from its manufacturing sites located in Europe following the sale [2] - The company has 201 staff members in Brazil as per its annual report for the 2024-25 fiscal year [1] Recent Transactions - In July, Bonduelle completed the sale of its packaged-salad business in France to LSDH Group, which accounted for approximately €80 million in sales [4] - Earlier in March, Bonduelle sold its packaged-salad arm in Germany to Taylor Farms, with both deals initially announced in August of the previous year [4] - The company reported a 2.1% decline in first-quarter sales to €519.8 million [4]