Paris, 8 October 2018 — The AVRIL GROUP has announced the initiation of exclusive negotiations regarding plans to transfer SOPRAL, a company belonging to the AVRIL GROUP, to PARQUEST CAPITAL.
Under these plans, PARQUEST CAPITAL would become the majority shareholder in SOPRAL, working alongside its current management team as well as SOFIPROTEOL, minority shareholder. AVRIL, through SOFIPROTEOL, would thus support PARQUEST CAPITAL in these plans, and would be an important partner for SOPRAL’s future developments in its high-growth markets.
Founded in 1957, and an AVRIL subsidiary since 2010, SOPRAL is a French company specialized in the formulation, production and sale in more than fifty countries of innovative nutritional solutions for dogs, cats and horses. Based in the Ille-et-Vilaine Department, SOPRAL operates two production units in Pléchâtel and administrative offices in Pont-Réan.
These plans have been presented to SOPRAL’s staff representative bodies, thus indicating the start of an information-consultation procedure.
Details of the arrangements for this operation have not been made public.
About the AVRIL GROUP
Set up in 1983 at the initiative of French farmers in order to assure long-term markets for French products, Avril is the industrial and finance actor of the French oilseeds and proteins sectors. It is present in France and internationally in sectors as diverse as human foods, animal nutrition and expertise, renewable energies and chemistry.
In nearly 35 years, the Group has changed in size but its purpose has remained the same: to create sustainable value in the vegetable oils and proteins sectors while contributing to better foods for humans and preservation of the planet.
To fulfil its mission, Avril draws strength from its industrial activities organized around plant production and livestock sectors, and from its investment activities operated through Sofiprotéol, its finance and development company which works to serve the French Farm.
In 2017, the Avril Group achieved turnover worth €6.2 billion. It counts 7,600 employees working in 21 countries.
For more information: www.groupeavril.com | Twitter: @Avril