Limagrain Céréales Ingrédients to expand globally in bakery, snacks & breakfast cereals

By Jenny Eagle contact

- Last updated on GMT

LCI to acquire Unicorn Grain Specialties. Photo: LCI.
LCI to acquire Unicorn Grain Specialties. Photo: LCI.
Limagrain Céréales Ingrédients (LCI) says it will expand internationally by agreeing to acquire 100% shares of Unicorn Grain Specialties from Nordian Capital .

Unicorn Grain Specialties has a strong presence in Northern Europe in the cereals and pulses ingredients markets, relying on heat treatment technologies (puffed cereals, cooking-extrusion, flaking).

Extended product range

Capture

By joining together the companies will further enhance its offering to the bakery, snacking, breakfast cereal, ready meals and animal nutrition markets.

Unicorn has a strong presence in the Benelux and Germany​,” said Emmanuel Goujon, MD, LCI.

The two companies share the same vision of food that must be safe, natural and a source of pleasure. Thanks to our research efforts in plant selection, heat treatment and nutrition, we will continue to offer the best cereals with a range of extended products​.”

The merger will see a workforce of 350 employees and expects to generate a turnover of approximately €150m, strengthening its position in Europe in cereal ingredients.

It will process more than 330,000 tonnes of grain each year in seven production plants across Europe.

Development strategy

Pieter Spanjers, MD, Unicorn Grain Specialities said the acquistion marks an opportunity to accelerate its development strategy with the strength of Limagrain Group, entering a new dimension.

We are delighted to benefit from LCI’s size, geographic location, procut offerings and cereal expertise​,” added Spanjers.

Together with four locations in Europe (France, the Netherlands, Germany, UK), we create a European leaders with strong ambitions​.”

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