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).
