Unigrains secures minority stake in Innatis

Innatis has simultaneously acquired Domaine des Coteaux, a producer of peaches, nectarines, apricots, cherries and kiwis. Domaine des Coteau has revenues of around €30m, according to Capital Finance. 

Unigrains will use its expertise as an agri-food investor to help Innatis pursue growth opportunities. In the short term, it will support the company in the construction of a new fruit station to increase productivity. 

Company
Founded in 1954 and based near Angers, Innatis is a producer, packager and marketer of  apples in France. The company also owns orchards, a producers' organisation called Innafruits, and packaging stations, as well as six commercial subsidiaries.

While retaining its core business, the company has diversified to produce other fruits in France and abroad; it has a presence in 55 other countries.

Innatis generates sales of roughly €130m and employs 490 people.

People
Unigrains – Bruno Julla (investment director).
Innatis – Marc Rauffet (president).
Domaine des Coteaux – Nathalie Bonnet (CEO).

Advisers
Equity – Fidal (legal); Sagecom (financial due diligence).
Company – Sodica (M&A).

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• Topics
• Expansion
• France
• Consumer
• France
• Unigrains