FrenchFood Capital has invested €40 million in three SMEs specializing in traditional agri-food products, aiming to enhance growth and market presence.

Target Information

FrenchFood Capital has announced a substantial investment of €40 million, primarily focusing on three small-to-medium enterprises (SMEs) in the agri-food sector. One of these investments includes the acquisition of Établissements JC David, renowned for its traditional fish smoking and curing techniques. Founded in 1973 by Jean-Claude David in Boulogne-sur-Mer, Établissements JC David generates an annual revenue of €14 million. The company specializes in cold smoking fish varieties such as herring, haddock, salmon, cod, and mackerel using traditional oak wood methods from its 40 furnaces. It is a member of the 'Collège Culinaire de France' and has received labels such as 'Entreprise du Patrimoine Vivant' and 'PME+' for its commitment to social responsibility.

In addition to JC David, FrenchFood Capital is investing in Plantin, the leading French truffle company and the second-largest in Europe, which was established in 1930 and has a revenue of €40 million, with half of its revenue derived from exports. The third investment targets Hugenin, a family-owned company based in Rungis, specializing in high-quality meats, particularly poultry, and catering primarily to Michelin-starred restaurants in Paris. This strategic investment aims to facilitate their expansion into the export market and broaden their customer base in France.

Industry Overview

The agri-food sector in France is characterized by significant fragmentation, with approximately 95% of SMEs generating less than 50% of the industry’s total revenue. This market dynamic presents numerous opportunities for investment, particularly for firms looking to