Presentation
French leader in ambient dairy cream and fruit compote desserts
Management
Michel Larroche, CEO
Arnaud Bachelier, CFO
Investment date
From July 2003 (Mont Blanc), December 2006 (Materne) to December 2010
Investment type
Bimbo, Spin-off (Nestlé), build-up (Gloria, Materne)
Activa Capital's role
Majority shareholder
Turnover 2009
€175M
Location
Chef-du-pont, Boué, 400 employees
Project
In 2003, Activa Capital organised the corporate spin-off of Mont Blanc from Nestlé, which remained a shareholder in the buyout until 2005, when Nestlé sold the Gloria brand to Mont Blanc.
In December 2006, Activa Capital organised the merger between Mont Blanc and Materne, the leading non-chilled fruit dessert brand.
The combined Materne - Mont Blanc group has created a leading group in milk and fruit-based desserts, with leading positions in fruit purées, milk desserts, jams and concentrated milk.
Exit
In December 2010, Activa Capital sold Materne - Mont Blanc to LBO France.
