A bond issue for the takeover of André Bazin by Eureden

Published on 06 Jan. 2022 at 14: 38

As part of the purchase of André Bazin charcuterie, the cooperative group Eureden, which has a large part of its factories in Morbihan, has addressed to its financial partners to secure 28 million euros in the form of bonds. This bond issue was subscribed by Arkéa Banque Entreprises et Institutionnels, Arkéa Capital, Esfin Gestion, Idia Capital Investissement, Sofiprotéol and Unigrains. These various financiers indicate in a press release that they support Eureden in the construction of “a French leader in charcuterie around naturalness, terroirs and brands”.

The André Bazin company based in Breuches (Haute-Saône) employs more than 300 employees to manufacture a few 38.000 tons of charcuterie and cooked meats. The activities of this company complement those of Aubret. This other Eureden subsidiary is located in Vallons de l’Erdre (Loire-Atlantique). It produces lardons and cured culinary aids. Aubret employs 600 people for an annual production of 38.000 tons.

Trademarks and autonomy retained

André Bazin and Aubret retain their brands and their respective autonomy. There are no changes “in organizations and operational responsibilities”. As for Philippe Wagner, the president of André Bazin, he “remains involved in the development of the new group”. In particular, he will be in charge of the deployment of the regional brand “Philippe Wagner” which offers charcuterie products “based on ingredients 29% natural”.

Alongside charcuterie, Eureden is also very present in canned vegetables and frozen products (brand D’Aucy ). The cooperative also owns a major egg processing plant located in Ploërmel (Morbihan) and manufacturing tools for animal nutrition. Eureden also manages several hundred garden centres, mainly located in Brittany.