June 6, 2022

 

Matines, egg business of French agri-food group Avril, to shut down

 

 

Matines, egg business of French agri-food group Avril that supplies 16% of eggs sold in supermarkets in France, will shut down its loss-making business after it was unable to find a buyer, with 114 workers set to lose their jobs, Reuters reported.

 

A Matines spokesperson said the spike in grain prices, the primary cost of feeding laying hens, as well as strong competition and the inability to pass on rising costs to customers were among the main reasons for the company's recurring losses in recent years.

 

Last year, Avril, a group formed by oilseed farmers to expand their market, announced its intention to sell its animal processing units in order to focus on its plant-based businesses, which include biodiesel, the Lesieur edible oil brand, and animal nutrition.

 

It sold its majority stakes in two pork firms to meat group Bigard in January, but it said it was unable to find a buyer for Matines who could ensure long-term operations and jobs.

 

On Thursday, Matines employees and unions were informed of the decision. In September, the company could be completely shut down, either through a sale or the closure of its units.

 

According to the spokesperson, the company used to sell about 900 million eggs per year out of the 5.5 billion sold in French supermarkets.

 

Matines said its animal nutrition subsidiary Sanders has already agreed to take over its packaging centre.

 

-      Reuters

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