Pet Food News
on June 28, 2012

French poultry group sells petfood production plant in Germany

Petfood plant considered non-strategic by Doux group

French poultry group Doux was authorized by a French court to sell its petfood production plant to German company Saria, according to reports.

The €22 million (US$27.3 million) sale was made because the Stanven, Germany, petfood plant was considered non-strategic. The sale will bring Doux, which has currently suspended all payments to creditors and is in talks with potential buyers in an effort to save the company, a net income of €19 million (US$23.6 million).

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