June 1, 2013
Consumer, Retail, E-commerce and Leisure
Betrand Dufournier, Philippe Doré
Arjil acted as exclusive financial adviser to Cristal Union, the second largest French sugar producer (Europe’s fourth) on the sale of La Case aux Épices to Saveurs et Sauces, another player in the space specialized in bulk sauces.
La Case aux Épices (“CAE”) is the leading French producer and packer of sauces in single serve portions, doses or cups (cold sauces such as mayonnaise, salad dressing, seasoned oils, vinaigrette, ketchup, etc.) for the out-of-home catering market and food producers. In 2012, CAE produced more than 6,200 tons of sauces and generated sales close to €20m.
CAE became part of the Cristal Union group (“CU”) when CU bought Erstein, a local sugar cooperative in the mid 2000s, of which CAE was a subsidiary.