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05/02/2023

Major transactions in the Agri-food sector in 2022

Bilan agroalimentaire 2022

A sector hit hard by inflation and geopolitical tensions

Having just emerged from the supply crisis caused by the Covid pandemic, the agri-food sector was again disrupted by a number of events in 2022: firstly, the energy crisis and the increase in raw material costs caused by the war in Ukraine, which gradually spread to the entire industrial landscape and caused an inflationary surge, exacerbated by labour shortages in certain sectors (notably transport). Finally, the animal health crisis (with recurrent outbreaks of avian flu) and an unprecedented drought in Western Europe contributed to spectacular increases in the prices of certain commodities and agricultural products.

In December 2022, food prices are estimated to have risen by 12% compared to January 2021, with peaks in certain product categories: +60% for oils, +20% for pasta, +16% for poultry, etc.

The latent energy crisis combined with the war in Ukraine has indeed had a direct impact on energy prices. As the price of electricity continues to rise, the French government has taken measures (price caps for companies) to limit this increase (+120%), which would otherwise have led to an even steeper rise in companies’ energy bills (as in England). As for natural gas, its price has doubled (+103%) between the first half of 2021 and the first half of 2022. Packaging is also not immune to price rises. There is an average increase of +9.3% since the beginning of 2022. Lastly, supply difficulties (e.g. sunflower oil for fried and breaded products), combined with costly logistical adjustments, have exacerbated the cost increase and weighed heavily on the profitability of the agri-food sector, with EBITDA falling by -16%, while that of the agricultural sector has risen by +12% as a result of the increase in selling prices.

This rise in prices has an impact on consumer behaviour. In 2022, 8 out of 10 French people have adapted to the inflationary context. This adaptation is reflected in an increase in sales of retailer brands – +0.7% in August 2022 compared to August 2021 – and a decrease in sales of organic products of -10.1% over the same period compared to the previous year. These trends, confirmed at the end of 2022, are expected to continue in 2023.

Protein price competition benefits poultry sector

2022 will be a year of raw material cost increases and a second year of avian flu in the poultry sector. The increase in the price of grain needed to feed poultry – due to the war in Ukraine – combined with a second outbreak of bird flu, which reduced the amount available, and the increase in the price of packaging, inevitably affected the industry’s selling price. Thus, despite a -3% drop in household consumption in 2022, poultry processors increased their turnover by 8% over the same year. The sector is also facing a labour shortage. In June 2022, 70% of the managers surveyed said they were facing a shortage of applicants and qualified staff.

Sources :

  1. Inflation in food prices
  2. Rising food prices
  3. State aid
  4. Behaviour of the French
  5. Gas and electricity prices
  6. Rising prices for poultry packaging

Review of mergers and acquisitions

Auris Finance has identified 130 transactions in the agri-food sector in 2022 involving at least one French party (acquirer or target).

Of the 130 transactions identified, 19 were carried out by foreign buyers (the acquisition of BZ Groupe by the American Bunge, the acquisition of Louis François by the Swedish Novax or the sale of the Picon brand by the British Diageo group to the Italian Campari group), representing 15% of the total number of transactions.
French companies acquired 24 foreign companies in 2022, such as the Leduff group’s acquisition of the American company Lecoq cuisine, PAI Partners’ acquisition of a stake in the Austrian company Savory Solution and Sodiaal’s acquisition of a majority stake in Yoplait from General Mills. These transactions represent 18% of the transactions carried out during the year.

The remaining 87 transactions were all between French companies, such as the acquisition of Matines by the LDC group, the acquisition of Keranna Production, a subsidiary of the Agromousquetaires group, by Cité Marine, the sale of Pêcheurs de saveurs by the NICOT group to the Guyader Gastronomie group and the acquisition of Oberti by the Alliance group. AURIS Finance advised on the sale of these last three transactions.

agroalimentaire opérations transfontalières
Share of cross-border transactions
Cross-border transactions (33%) Buyer – target
France – France
Foreign-France
France – Foreign

Of the 130 transactions, 62 involved at least one investment fund, representing 47% of the transactions. This proportion, which is higher than last year, demonstrates the continued interest of funds in the agri-food sector, even in a period of economic uncertainty.

Types d'opération
Transactions carried out
with an investment fund (57%) Type of transaction
Stock Exchange
Growth Capital
Innovation Capital
Financing
LBO
M&A Corporate

The most dynamic sectors are: bread, biscuits, pastries and confectionery (e.g. Groupe Gozoki – Sectal, Sagard’s investment in Novepan, etc.), which accounted for 11. 5% of the transactions carried out in this sector, followed by alcoholic beverages with 8.5% (e.g. Artemis domaines – Maisons et domaines Henriot, Famille Moitry – Château Climens…), then the savoury products sector with 7.7% (e.g. Olives et co – Ansolive, Artisan gourmet – Charpalor…)

Répartition sectorielle
Sectoral distribution

In conclusion, AURIS Finance confirms four major trends:

  • 2022 has seen the highest inflation rate since 1980 with an average inflation of +5.2%. This significant increase in prices has influenced consumer behaviour, as consumers have turned away from more expensive organic products in favour of cheaper products such as retailer brands.
  • Despite a difficult context for the agri-food sector (war in Ukraine, energy crisis, etc.), the interest of investment funds in the sector is not diminishing and is confirmed with 24 more deals than in 2021.
  • The alcoholic beverages sector remains one of the most dynamic. The wine sector is more active than ever, with 9 out of 11 alcoholic beverages deals including at least one wine-related transaction (81%).
  • For the second year in a row, French poultry consumption has fallen (-3% in 2022). This decline, initially due to consumer awareness of the need for more responsible production, is now linked to a rise in prices. With the war in Ukraine affecting grain prices, the energy crisis and avian flu limiting production volumes, processors are passing on part of the price increase.
Transaction dateBuyerTarget companyDescriptionTransaction type
2022-12GROUPE CASINOSMART GOOD THINGSBoissons non alcooliséesBourse
2022-12FRENCHFOOD CAPITAL (FFC)|UNEXODIFAGRIAlimentation animaleLBO
2022-12HIGH FLYERS CAPITAL (HFC)|VOLNEY DEVELOPPEMENT|MADE FOR ALLARCHIESauces et condimentsCapital Innovation
2022-12TURENNE GROUPE|SIPAREX|IDIA CAPITAL INVESTISSEMENT|BNP PARIBAS DÉVELOPPEMENT|SOCIÉTÉ FINANCIÈRE DU LANGUEDOC ROUSSILLON (SOFILARO)|CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT (CARVEST)|CRÉDIT AGRICOLE ALPES DÉVELOPPEMENT (C2AD)|MANAGER(S)COMPTOIR RHODANIENFruits & légumesLBO
2022-12PAI PARTNERSSAVORY SOLUTIONSProduits salésLBO
2022-12ERHARD PÂTISSIER GLACIER (GLACES ERHARD DEVELOPPEMENT)BRETZEL BURGARDPains, biscuits, pâtisseries, confiseriesM&A Corporate
2022-12BUSINESS ANGEL(S)URBAN CUISINEFood / AgritechCapital Innovation
2022-12ARTISAN GOURMETCHARPALORProduits salésM&A Corporate
2022-12LACTALISDAIRY PARTNERS AMERICAS (DPA)Produits laitiers et glacesM&A Corporate
2022-12GO CAPITALALINOVAAlimentation animaleCapital Innovation
2022-12BUNGEBZ GROUPEAgricultureM&A Corporate
2022-11ASTERION|CAMÉLÉON INVEST|SATGANA|BPIFRANCE INVESTISSEMENTYEASTYFungiculture et plantesCapital Innovation
2022-11VIF SYSTEMSPRET A POUSSERFungiculture et plantesM&A Corporate
2022-11SIPAREX|LA BOUCHERIE RESTAURANT|BAUDINVEST|SALARIESMAISON BECAMDistributionCapital Développement
2022-11LAWRENCE WINE ESTATES (GAYLON LAWRENCE)|MUTUELLE ASSURANCES CORPS SANTE FRANCAIS (MACSF)CHATEAU LASCOMBESBoissons alcooliséesM&A Corporate
2022-10ARKEA CAPITAL|IDIA CAPITAL INVESTISSEMENT|NCI|QUADIAPOISCAILLEProduits de la merCapital Innovation
2022-10GROUPE BEL (F.B.S.A)ZHEJIANG RENZHICHU HEALTH INDUSTRYSnackingM&A Corporate
2022-10LDCOVOTEAMAutresM&A Corporate
2022-10EARLYBIRD VENTURE CAPITAL|HEARTCORE CAPITAL (EX SUNSTONE CAPITAL)|POINT NINE CAPITAL (POINT9)|AIR STREET CAPITAL|PARTECH PARTNERS|KEEN VENTURE PARTNERS|BUSINESS ANGEL(S)|EUTOPIA|OMNES CAPITAL VENTURE|THIA VENTURES|DISCOVERY VENTURESGOURMEYViandes et volaillesCapital Innovation
2022-10ARTEMIS DOMAINESMAISONS ET DOMAINES HENRIOTBoissons alcooliséesM&A Corporate
2022-10MANAGER(S)|AMDG PRIVATE EQUITYNAUTILUS FOODProduits de la merLBO
2022-10FNB PRIVATE EQUITY|TURENNE GROUPE|SWEN CAPITAL PARTNERS|MANAGER(S)MOUSLINEPlats cuisinésLBO
2022-09AVRIL|CREDIT MUTUEL ARKEA|GROUPAMA|IDIA CAPITAL INVESTISSEMENT|NATIXIS|ANAMSO|FNA (FEDERATION DU NEGOCE AGRICOLE)|FED NAT AGRICULT MULTIPLICATEUR SEMENCES (FNAMS)|FEDER NATION LEGUME SEC (FNLS)|GROUPEMENT TRANSFORMATEURS D’OLEAGINEUX METROPOLITAINS (GTOM)|TERRES UNIVIASOFIPROTÉOLAutresCapital Développement
2022-09SUNFOOD HOLDINGSOFY’S & CO|CORDON BLANC|A TABLE.COMAutresM&A Corporate
2022-09NEXTSTAGE AM|IDIA CAPITAL INVESTISSEMENT|SPARKLING PARTNERS|UNILIS AGTECH|CRÉDIT AGRICOLE BRIE PICARDIEJAVELOTFood / AgritechCapital Innovation
2022-09DEMETER|BUSINESS ANGEL(S)|VOL-VOÉ FOR GOODBoissons alcooliséesCapital Innovation
2022-09ASTANOR VENTURES (GOOD HARVEST VENTURES MANAGEMENT)|PEAKBRIDGE PARTNERS|SEVENTURE PARTNERS|BIG IDEA VENTURES|GOOD STARTUPSTANDING OVATIONProduits laitiers et glacesCapital Innovation
2022-09ALBAREST PARTNERS|AXIO CAPITAL|PERSONNE(S) PHYSIQUE(S)|ACTIONNAIRES FAMILIAUX|GARIBALDI PARTICIPATIONSSOPRAUVERGNE/DISTRIFRAISPains, biscuits, pâtisseries, confiseriesLBO
2022-09NOVAXLOUIS FRANCOISPains, biscuits, pâtisseries, confiseriesM&A Corporate
2022-09FOODARA|BUSINESS ANGELS DES GRANDES ÉCOLES (BADGE)|BUSINESS ANGEL(S)CARRELEONFruits & légumesCapital Innovation
2022-08SAGARDNOVEPANPains, biscuits, pâtisseries, confiseriesLBO
2022-09INVIVO RETAILBOULANGERIE LOUISEDistributionM&A Corporate
2022-08VOL-VMYCEAFungiculture et plantesCapital Innovation
2022-09SAIPOLCENTRE GRAINSAgricultureM&A Corporate
2022-07SEVENTURE PARTNERS|CRÉDIT AGRICOLE ALPES DÉVELOPPEMENT (C2AD)|INVESTISSEURS HISTORIQUESBAOUWSnackingCapital Innovation
2022-08COFEPP (LA MARTINIQUAISE – BARDINET)MARIE BRIZARD WINE & SPIRITSBoissons alcooliséesBourse
2022-07FRENCHFOOD CAPITAL (FFC)|MANAGER(S)CHAPONPains, biscuits, pâtisseries, confiseriesLBO
2022-08GROUPE BEL (F.B.S.A)SHANDONG JUNJUN CHEESEProduits laitiers et glacesM&A Corporate
2022-07GROUPE SEBZUMMOFood / AgritechM&A Corporate
2022-07BUSINESS ANGEL(S)NEPTUNE ELEMENTSProduits de la merCapital Innovation
2022-07FAMILY OFFICES|KIMA VENTURES|BUSINESS ANGEL(S)CHAMPAGNE EPCBoissons alcooliséesCapital Innovation
2022-07GROUPE LE DUFFLECOQ CUISINEPains, biscuits, pâtisseries, confiseriesM&A Corporate
2022-07GUYADER GASTRONOMIEPECHEUR DE SAVEURSPlats cuisinésM&A Corporate
2022-07STRIDE.VC|PROJECT A VENTURESHORS NORMESVégétalCapital Innovation
2022-07WATERLAND PRIVATE EQUITY|SODIAAL|MANAGER(S)|ACTIONNAIRES FAMILIAUXBONCOLAC|MAG’MPains, biscuits, pâtisseries, confiseriesLBO
2022-07GROUPE CASTEL|SOCIETE ANONYME DES BRASSERIES DU CAMEROUN (SABC)GUINNESS-CAMEROUN (GCSA)Boissons alcooliséesM&A Corporate
2022-07NAXICAP PARTNERS|MOUVEMENT & FINANCE (MTF – MT FINANCE SA)|BUSINESS ANGEL(S)ATELIER NUBIOBoissons non alcooliséesCapital Innovation
2022-07JACOBS DOUWE EGBERTS (JDE)LES 2 MARMOTTESFungiculture et plantesM&A Corporate
2022-07MIROVAATLAS FRUITS COMPANYFruits & légumesCapital Développement
2022-07GROUPE CHEVRILLON|CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT (CARVEST)GROUPE ARCADOViandes et volaillesLBO
2022-07Geoffroy Houette, Damien Douillet, François-Xavier DouilletETABLISSEMENTS WERSCHURENNégoceM&A Corporate
2022-06CREDIT MUTUEL EQUITY|MANAGER(S)FRENCH DESSERTSPains, biscuits, pâtisseries, confiseriesCapital Développement
2022-06BIG IDEA VENTURES|TECHMIND|BEAST VENTURES|VEG CAPITAL|TRELLIS ROAD|FOODHACKNUTROPYProduits laitiers et glacesCapital Innovation
2022-07OLIVES & COANSOLIVEProduits salésM&A Corporate
2022-06AMBROSIA INVESTMENTS|GO CAPITAL|BUSINESS ANGEL(S)PEPETTEAlimentation animaleCapital Innovation
2022-07LDCMATINESViandes et volaillesM&A Corporate
2022-07GROUPE EVENSOFRAMA HOLDINGDistributionM&A Corporate
2022-07CITE MARINEKERANNA PRODUCTIONSVégétalM&A Corporate
2022-06INVUS|BUSINESS ANGEL(S)HAPPYVORE (EX LES NOUVEAUX FERMIERS)VégétalCapital Innovation
2022-06CAPITOLE ANGELS|PROVENCE ANGELS|OCSEEDHOOPEPains, biscuits, pâtisseries, confiseriesCapital Innovation
2022-06Famille MoitryCHÂTEAU CLIMENSBoissons alcooliséesM&A Corporate
2022-06CHATEAU CHEVAL BLANCLA TOUR DU PINBoissons alcooliséesM&A Corporate
2022-06Ghislain LesaffreLEROUXVégétalM&A Corporate
2022-05BPIFRANCE INVESTISSEMENT|CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT (CARVEST)CHEVENETProduits laitiers et glacesCapital Développement
2022-06DISLOG GROUP (H&S INVEST HOLDING)CULTURES DE FRANCEProduits salésM&A Corporate
2022-05PERSONNE(S) PHYSIQUE(S)|FRENCHFOOD CAPITAL (FFC)|ARKEA CAPITALROLMERProduits de la merLBO
2022-05DEMETER|SENSEII VENTURES|FOUNDERS FUTURE|BEYOND IMPACTSEAFOOD REBOOTProduits de la merCapital Innovation
2022-04EDIFY (EX SOMFY PARTICIPATIONS)AGROMILLORAVégétalCapital Développement
2022-04EVERGREEN GARDEN CAREAQUILANDAutresM&A Corporate
2022-04ASTANOR VENTURES (GOOD HARVEST VENTURES MANAGEMENT)|XANGE|BLUE HORIZON VENTURES|NUCLEUS CAPITALPLANETARYFood / AgritechCapital Innovation
2022-04BUSINESS ANGEL(S)REGLOAlimentation animaleCapital Innovation
2022-06VALENTIN TRAITEURROLAND MONTERRATProduits salésM&A Corporate
2022-05Valérie Chiron, Janet Mandard, Emmanuel Le GoffMAX VAUCHÉProduits laitiers et glacesM&A Corporate
2022-03SOFIPROTÉOL|UNIGRAINSTERRES DU SUDDistributionCapital Développement
2022-05FONDS DE SOLIDARITÉ FTQ|CAISSE DE DEPOT ET PLACEMENT DU QUEBEC (CDPQ)BONDUELLE AMERICAS LONG LIFE (BALL)Fruits & légumesM&A Corporate
2022-05COMPAGNIE LÉA NATURE (LÉA NATURE, BIOLÉA, EKIBIO)ALPES BISCUITS (BIO SOLEIL)Pains, biscuits, pâtisseries, confiseriesM&A Corporate
2022-03SOFIPROTÉOL|UNIGRAINS|MULTICROISSANCE|BNP PARIBAS DÉVELOPPEMENTDE SANGOSSEEngraisCapital Développement
2022-05CAMPARIPICONBoissons alcooliséesM&A Corporate
2022-03ASTER DÉVELOPPEMENT (ALPINA SAVOIE ET MOULINS DE SAVOIE)HEIMBURGER (PÂTES GRAND’MÈRE)Produits salésLBO
2022-04AGROMOUSQUETAIRESSAINT MAMETFruits & légumesM&A Corporate
2022-03WAVE EQUITY PARTNERS|EIC FUND|LIBERSET|PREMICE-INCUBATEUR DE BOURGOGNENOVOLYZEAutresCapital Innovation
2022-03FAMILY OFFICES|MANAGER(S)BASERRIA (MAISON LARTIGUE & FILS)Plats cuisinésLBO
2022-04DEWAVRINEFFINOV NUTRITIONCompléments alimentairesM&A Corporate
2022-04CHÂTEAU SANSONNETCHÂTEAU VILLEMAURINEAgricultureM&A Corporate
2022-03AFI VENTURES|PICUS CAPITAL|HIGH FLYERS CAPITAL (HFC)|FOUNDERS FUTURE|KIMA VENTURES|NOTUS TECHNOLOGIES|BUSINESS ANGEL(S)BON VIVANTProduits laitiers et glacesCapital Innovation
2022-04GROUPE ALLIANCEBERNICharcuterieM&A Corporate
2022-03ASTANOR VENTURES (GOOD HARVEST VENTURES MANAGEMENT)|REDALPINE VENTURE PARTNERS|FRENCH PARTNERS|VERSO FUND|NEWFUND|BPIFRANCE INVESTISSEMENTUMIAMIVégétalCapital Innovation
2022-03MERIDIAM|BOURRELIER GROUP (EX BRICORAMA)|CÉLESTE MANAGEMENT|BUSINESS ANGEL(S)POPCHEFFood / AgritechCapital Innovation
2022-02HIGH FLYERS CAPITAL (HFC)|BUSINESS ANGEL(S)NÄAKCompléments alimentairesCapital Innovation
2022-02TURENNE GROUPEVINS+VINSNégoceCapital Développement
2022-02TURENNE GROUPE|MANAGER(S)|FONDATEUR(S)PHODEAlimentation animaleLBO
2022-02BUSINESS ANGEL(S)|TIPASA PARTNERSFRENCH BLOOMBoissons non alcooliséesCapital Innovation
2022-01BanquesCRISTAL UNIONAutresFinancement
2022-03HERMIONE PEOPLE & BRANDS|FINANCIÈRE IMMOBILIÈRE BORDELAISE (FIB)CAFES LEGALTorrefaction et distribution de caféM&A Corporate
2022-03TERRIALAMENDISEngraisM&A Corporate
2022-03GROUPE ANAQEON (QUERCEO-B’OAK)DAIR NUA COOPERAGEAutresM&A Corporate
2022-03AVRILECCELLENZA ITALIANAProduits salésM&A Corporate
2022-01BDR INVEST (BDR IT)|CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT (CARVEST)|PERSONNE(S) PHYSIQUE(S)BOURGOGNE ESCARGOTSProduits salésLBO
2022-01BPIFRANCE INVESTISSEMENT|CREDIT MUTUEL EQUITYGRAIN DE SAILTorrefaction et distribution de caféCapital Développement
2022-01LITTO INVEST|LE GOUESSANT|BAMBOOLISAQUAProduits de la merCapital Innovation
2022-03PERNOD RICARDCHÂTEAU SAINTE MARGUERITEAgricultureM&A Corporate
2022-03DISLOG GROUP (H&S INVEST HOLDING)CARRE SUISSEPains, biscuits, pâtisseries, confiseriesM&A Corporate
2022-01SIPAREXRHONE ISLAND (CHARCUTERIE MAS ET MIQUEL)Plats cuisinésCapital Développement
2022-02GROUPE ALLIANCEOBERTICharcuterieM&A Corporate
2022-02TIMAC AGROTIMAC AGRO KENYA (EX CFAO AGRI KENYA)EngraisM&A Corporate
2022-02CITRI&COARCO FRUITSFruits & légumesM&A Corporate
2022-02INVESTISSEURS INSTITUTIONNELS – LP’SGRAINES VOLTZAutresBourse
2022-02GRAINES VOLTZANDRE BRIANT JEUNES PLANTS (ABJP)AutresM&A Corporate
2022-09L CATTERTON|VORWERK VENTURES|TENGELMANN VENTURES|GULLSPANG REFOOD|BE8 VENTURES|ETH ZURICH FOUNDATION|ACE & COMPANY|BUSINESS ANGEL(S)PLANTED FOODSProduits salésCapital Innovation
2022-02BIOBESTPLANT PRODUCTSEngraisM&A Corporate
2022-05HOLTZBRINCK VENTURES (HV CAPITAL)|FIVE SEASONS VENTURES|PARTECH PARTNERSKOROProduits salésCapital Innovation
2022-07L CATTERTONLITTLE MOONSProduits laitiers et glacesCapital Développement
2022-02ASSOCIATED BRITISH FOODS (ABF)|ABF INGREDIENTSFYTEXIACompléments alimentairesBourse
2022-02FAMILLE PIFFAUT VINS & DOMAINES (FPVD)GABRIEL BOUDIERBoissons alcooliséesM&A Corporate
2022-07SOFINA|MERIEUX EQUITY PARTNERS|INVESTISSEUR(S) PRIVÉ(S)BIOBESTFungiculture et plantesCapital Développement
2022-07SOFINABIOBESTFungiculture et plantesCapital Développement
2022-10SOLINA GROUPSARATOGA FOOD SPECIALITIESSauces et condimentsLBO
2022-09UNIGRAINSHUILERIE CAUVINSauces et condimentsCapital Développement
2022-07BOULANGERIES SOPHIE LEBREUILLYEMILE BECDistributionLBO
2022-01RIGONI DI ASIAGOSAVEURS & NATUREPains, biscuits, pâtisseries, confiseriesM&A Corporate
2022-07MOREL DIFFUSIONSAS OTTENWAELDER FRERES (AZUR PLANTES)Fungiculture et plantesLBO
2022-06EUROGERMEUROGERM KB LLC (EX KB INGREDIENTS ET EUROGERM USA)Pains, biscuits, pâtisseries, confiseriesLBO
2022-01GROUPE GOZOKISECTALPains, biscuits, pâtisseries, confiseriesM&A Corporate
2022-06SOLINA GROUPZAFRON FOODSSauces et condimentsLBO
2022-04SOLINA GROUPSAUCES ET CREATIONS|ATELIER D2ISauces et condimentsLBO
2022-03BOULANGERIES SOPHIE LEBREUILLYBOULANGERIES FRED (ALERE)DistributionLBO
2022-02ICONIC NECTARS (EX RENAUD COINTREAU)|INVESTISSEUR(S) PRIVÉ(S)LE BARTELEUR (ALCOOV)Boissons alcooliséesCapital Développement
2022-01PROSOL GESTION (GRAND FRAIS)|ARDIANGROUPE OCEALLIANCE (EX MARITEAM)Produits de la merLBO
2022-01COMPAGNIE DES DESSERTSGROUPE PHILIPPE FAURPains, biscuits, pâtisseries, confiseriesLBO
2022-01NUTRISENSLABORATOIRES SANTINOVAutresLBO

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