Food retailer Casino Guichard-Perrachon SA on Oct. 9 said the company will sell its poultry production plant Luché Tradition Volailles to poultry processing firm LDC.
Casino Group acquired the facility in France in 2015. It is based in Luché-Pringé, near Le Mans, and has 131 employees.
As part of the agreement between both companies, the contracts of all the employees at the Luché Tradition Volailles facility will be continued after the sale.
"The transaction represents an opportunity for the Casino Group and LDC to combine their resources and thereby strengthen the high-quality French poultry chain, while complying with best practices for animal well-being and innovating with more environmentally friendly products and packaging," the French food retailer said in a statement.
The deal will be finalized over the next few weeks following consultation with the facility's employee representatives, according to the release.
