The Bonduelle Group announces plans to sell its packaged salad business in France and Germany

BONDUELLEHead office: "La Woestyne" - 59173 Renescure - France Bonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 euros Registered under number : 447 250 044 ( Dunkerque Commercial and Companies Register) Press release Villeneuve d'Ascq, August 29, 2024The Bonduelle Group announces plans to sellits packaged salad business in France and Germany. For the past ten years, the Bonduelle Group has faced a structural decline in salad...

Villeneuve D Ascq Cedex, 29/08/2024 (informazione.it - comunicati stampa - cibi e bevande)

BONDUELLE

Head office: "La Woestyne" - 59173 Renescure - France
Bonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 euros
Registered under number : 447 250 044 ( Dunkerque Commercial and Companies Register)

For the past ten years, the Bonduelle Group has faced a structural decline in salad consumption in France and Germany, exacerbated by inflation and increased competition from private labels. This has led to a steady decline in the results of the fresh packaged salad business in these countries.

Today, the Bonduelle Group is announcing to the company's employees and their representatives several projects designed to protect the company's long-term future:

These projects are necessary to preserve jobs within the Bonduelle Group's sites in France and Europe. They will shift focus to Bonduelle's other business operations to enable the group to continue accelerating its activities in the fresh delicatessen, canned and frozen food markets in these territories.
The North American and Italian fresh businesses are not impacted by these projects. They operate under different market dynamics and will continue to manage and develop their activities in both fresh cut salad and delicatessen categories.

The discussions and consultations begun today and will continue over the coming weeks with employee representatives. True to its values, the Bonduelle Group is determined, in this period of transformation, to design and implement the best social support for each of these measures.

These transactions are subject to the necessary approvals. Should they be confirmed, the Bonduelle Group is confident in the ability of the LSDH Group and Taylor Farms to turn around the business in their respective geographies.

In addition, the group is currently reviewing the value of its salad business assets in North America, the impact of which would be recorded in the consolidated financial statements of June 30, 2024.

Attachment