The Soufflet Group Takes Majority Stake in the Neuhauser Group

04 Aug 2014 --- Jean-Michel Soufflet and Alfred Neuhauser have signed the agreement under which the Soufflet Group will take a 70% stake in the holding company, Neuhauser Financière. Soufflet thus increases its shareholding to 78.73%. Alfred Neuhauser is keeping 1.11% of the shares in Neuhauser Financière.

The acquisition means a change in governance with the creation of a Board of Directors, chaired by Jean-Michel Soufflet.

An agricultural and manufacturing company specialising in the primary processing of cereals, the Soufflet Group is a major player on the world malt market and one of Europe’s top millers.

It has also been active for many years in the bread, morning goods and confectionery sector, with a long-standing strategy of expansion. With this acquisition, Soufflet is further extending its reach in the wheat sector.

The Neuhauser Group is a leader in Europe in plant baking and confectionery with nineteen production units in France and one in Portugal. It is also an important player on the fast food market, with the Pomme de Pain chain in France and Le Crobag in Germany, in total it has two hundred and fifty sales outlets.

On its growing markets in both France and other European countries, the Neuhauser Group is aiming to strengthen the complementary nature of its manufacturing and commercial activities to continue its development.