Unigrains acquires Mecatherm in €120m deal

Unigrains submitted a bid valuing the company at €120m to wholly acquire the business alongside its management. The transaction is expected to be completed in Q4 2018, subject to the consultation of Mecatherm's works council and the approval of competition authorities.

With acquisition of Mecatherm, Unigrains plans to strengthen is agricultural network to better understand the demand for bread products. Mecatherm in turn expects to benefit from Unigrains' sector knowledge, international network and financial experience.

Company
Established in 1964 and headquartered in Schirmeck, north-eastern France, Mecatherm designs, develops, assembles and installs ovens and automated production lines for fresh or frozen, cooked or pre-cooked breads, cakes and pastries. It reported sales of €100m last year, 90% of which was generated outside France.

People
Unigrains – Philippe Pinta (president).
Mecatherm – Olivier Sergent (president).

Advisers
Equity – Oderis Consulting (financial due diligence); Coblence & Associés (legal). 

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