Axéréal acquires Agri-Négoce
Axéréal and Ameropa announce the signing of an agreement on 18 December 2015 for Axéréal to acquire all shares held by Ameropa in Agri-Négoce and its subsidiaries.
This sale is subject to the usual suspensive conditions, mainly approval by the relevant antitrust authorities.
With all the new challenges facing agriculture, we must see strong grain groups emerge. This acquisition will give a boost to Axéréal’s grain business by strengthening its position with customers both at home and abroad. It will also lead to synergies, especially in terms of logistics, and will make the Group more competitive over a larger area, extending from central to western France.
Agri-Négoce is a good, profitable company that is well run by Chairman Jean-Michel Le Bihan and his staff. With Agri-Négoce, Axéréal will expand its land holdings and access to the Atlantic coastal region while increasing grain collection to 5.8 Mt.
Agri-Négoce is the No. 4 private grain trader in France, collecting some 500,000 tonnes of grain a year. The company has three business lines: collection, procurement and technical and economic consulting. Operating in six départements (Sarthe, Mayenne, Maine-et-Loire, Indre-et-Loire, Loir-et-Cher and Orne) with 31 sites and 23 silos, Agri-Négoce has more than 6,000 agricultural customers, including 1,600 delivery people, and 150 employees. Agri-Négoce generated consolidated turnover of €176 million in 2014-2015 and continues to report positive results.
Chairman: Jean-Michel Le Bihan
Axéréal, an agro-industrial cooperative group, is a leader and a grain expert in France and abroad that markets more than 10 million tonnes of grain a year. With 13,000 cooperative members, Axéréal employs some 3,200 people in France and abroad and generated turnover of more than €3.2 billion in 2014-2015. As a grain expert through its “Agricultural, Trade and Logistics” and “Processing” clusters, Axéréal is also developing specialised activities, including a vineyard business, agricultural and sensory analysis, and a network of Gamm Vert stores.
Chairman: Jean-François Loiseau
CEO: Philippe De Raynal