French poultry giant LDC acquires majority stake in UK-based duck business, Gressingham Foods, through Green Label Holdings. Financial details undisclosed. Strategic partnership aims to expand LDC’s presence in the UK market. Gressingham also supplies poultry products under its brand, operating farms covering over 250,000 square meters.

Gressingham Foods, founded in 1971 by Maurice and Miriam Buchanan, offers a range of poultry products including turkey, goose, and guinea fowl. Now led by second-generation William and Geoff Buchanan, the company supplies major UK retailers and the foodservice industry. Partnership with LDC aims to grow and develop poultry markets in the UK.

LDC, also known as Lambert Dodard Chancereul, generates €6.3bn ($7.3bn) in turnover, operating across multiple countries. CEO Philippe Gelin expresses excitement for the partnership with Gressingham, highlighting shared values and opportunities for all stakeholders. LDC has expanded through strategic acquisitions, including deals in France, Germany, and Poland.

Green Label Holdings, the parent company of Gressingham Foods, reports a turnover of £188m ($250m) in the latest financial year, with operating profit and net profit on the rise. The acquisition by LDC marks a new chapter for Gressingham, emphasizing growth and development in the UK poultry market.

Read more at Yahoo Finance: French group LDC takes majority stake in Gressingham Foods