May 24, 2011

Sauvaget Agro Alimentaire has complete control of Tilly-Sabco

French poultry group, Tilly-Sabco, has one shareholder now following Sauvaget Agro Alimentaire, its bulk shareholder, obtaining 100% of the organisation.

Sauvaget Agro Alimentaire, also known as S2A, is the holding company of entrepreneur Daniel Sauvaget and already held 60% of Tilly-Sabco.

S2A, of which M. Sauvaget is the sole shareholder, acquired the other 40% of Tilly-Sabco from French co-operative Unicopa, which had fallen into liquidation after years of financial difficulties.

S2A bought its stake in Tilly-Sabco in 2008, which went into administration in 2006 after a bird flu scare hit demand.

According to the Tilly-Sabco website, the poultry firm said that its results over the past three years had put its finances back on a sure footing and led to the company to carry out EUR8 million (US$11.2 million) of investment. Tilly-Sabco's recovery, it added, was now assured.