Aviagen Turkeys has announced the company is acquiring Le Sayec, a family owned business responsible for the selling of commercial turkey eggs and poults within France.
Le Sayec also exports throughout Europe, the Middle East and Africa.
“We are very excited about this acquisition, which is good news for both companies and for the turkey industry,” said Clay Burrows, managing director of Aviagen Turkeys. “There has been much consolidation within the industry over the last decade and because of this there is a need for us to operate further down the supply chain and the acquisition of Le Sayec will allow us to be closer to our end user. We look forward to continuing to build relationships and adding value for both our integrated and independent customers using our own Aviagen products, while continuing to develop the B.U.T. and Nicholas brands."
Patrice Le Sayec, managing director of Le Sayec, said: “My family and I are very pleased with this acquisition and believe there are many synergies between the two companies. We have been working with Aviagen Turkeys for many years and because of this it will be a very smooth transition. I will continue to manage the business going forward and I’m excited to be part of the Aviagen Group.”
Founded in 1958, Le Sayec employs 60 people with a turnover of EUR25 million (US$26.9 million).