Lambert Dodard Chancereul (LDC), the France-based agri-food group, has appointed a brand new CEO at Pierre Martinet after concluding a takeover.
Benjamin Montlahuc, previously answerable for AGIS, a subsidiary of LDC’s comfort meals division, will now head up the family-owned salads and tabbouleh producer based by chairman Pierre Martinet.
Martinet will stay board chair for a three-year interval, LDC mentioned in a press release revealing the closure of the deal first introduced a yr in the past.
The monetary phrases of the transaction, which was permitted by France’s competitors regulator in April, haven’t been disclosed.
LDC mentioned the acquisition permits it to have a presence throughout 70% of classes inside grocery store and hypermarket comfort meals departments, supported by a “robust new model” to enhance its present Marie ready-meals line.
The Fermiers de Loué poultry model proprietor added that Pierre Martinet “enhances” its comfort meals providing with contemporary salads and different plant-based recipes. Pierre Martinet owns its namesake model, together with La Belle Henriette.
Philippe Gélin, chairman of the administration board of LDC, described the deal as a “pivotal transaction for the comfort meals division, totally aligned with the 2026-2027 improvement plan”.
Pierre Martinet, with over 700 staff throughout 5 French websites, reported €231m ($260.5m) in income for 2024, in line with the assertion.
LDC director of the comfort meals division, Christophe Guyony, mentioned: “Following Marie in 2009, the acquisition of the Pierre Martinet Group marks one other essential step within the progress of the division, which now has a high-quality plant-based providing.
“With this new high-value asset, LDC now provides essentially the most intensive vary within the contemporary comfort meals aisle.”
The acquired group’s integration into LDC’s comfort meals division accounts will begin on 1 June.
Chairman Martinet added: “I based this model, which has grow to be iconic and pricey to French customers over practically 60 years. Right now, a brand new chapter begins, and it’s now as much as LDC to uphold the standard and excellence of the Pierre Martinet Group’s merchandise for the advantage of all customers.”
LDC reported income of €6.32bn for the 2024–2025 monetary yr, representing a 2% improve over the corresponding interval. Its working earnings declined by 14.2% to €317.6m. Internet earnings rose 22% to €20.8m.
Different latest acquisitions by LDC included Groupe Routhiau, a meat and plant-based enterprise in France, that was cleared by competitors authorities late final yr.
It additionally took a majority curiosity in Germany-based European Comfort Meals (ECF Group), a retail and foodservice provider, in 2024. And LDC acquired the Konspol Poland ready-meals model and manufacturing unit from agri-food big Cargill.
Lambert Dodard Chancereul (LDC), the France-based agri-food group, has appointed a brand new CEO at Pierre Martinet after concluding a takeover.
Benjamin Montlahuc, previously answerable for AGIS, a subsidiary of LDC’s comfort meals division, will now head up the family-owned salads and tabbouleh producer based by chairman Pierre Martinet.
Martinet will stay board chair for a three-year interval, LDC mentioned in a press release revealing the closure of the deal first introduced a yr in the past.
The monetary phrases of the transaction, which was permitted by France’s competitors regulator in April, haven’t been disclosed.
LDC mentioned the acquisition permits it to have a presence throughout 70% of classes inside grocery store and hypermarket comfort meals departments, supported by a “robust new model” to enhance its present Marie ready-meals line.
The Fermiers de Loué poultry model proprietor added that Pierre Martinet “enhances” its comfort meals providing with contemporary salads and different plant-based recipes. Pierre Martinet owns its namesake model, together with La Belle Henriette.
Philippe Gélin, chairman of the administration board of LDC, described the deal as a “pivotal transaction for the comfort meals division, totally aligned with the 2026-2027 improvement plan”.
Pierre Martinet, with over 700 staff throughout 5 French websites, reported €231m ($260.5m) in income for 2024, in line with the assertion.
LDC director of the comfort meals division, Christophe Guyony, mentioned: “Following Marie in 2009, the acquisition of the Pierre Martinet Group marks one other essential step within the progress of the division, which now has a high-quality plant-based providing.
“With this new high-value asset, LDC now provides essentially the most intensive vary within the contemporary comfort meals aisle.”
The acquired group’s integration into LDC’s comfort meals division accounts will begin on 1 June.
Chairman Martinet added: “I based this model, which has grow to be iconic and pricey to French customers over practically 60 years. Right now, a brand new chapter begins, and it’s now as much as LDC to uphold the standard and excellence of the Pierre Martinet Group’s merchandise for the advantage of all customers.”
LDC reported income of €6.32bn for the 2024–2025 monetary yr, representing a 2% improve over the corresponding interval. Its working earnings declined by 14.2% to €317.6m. Internet earnings rose 22% to €20.8m.
Different latest acquisitions by LDC included Groupe Routhiau, a meat and plant-based enterprise in France, that was cleared by competitors authorities late final yr.
It additionally took a majority curiosity in Germany-based European Comfort Meals (ECF Group), a retail and foodservice provider, in 2024. And LDC acquired the Konspol Poland ready-meals model and manufacturing unit from agri-food big Cargill.
