Septentrion Finance has advised Ghislain Lesaffre on the acquisition of Leroux, the European leader in chicory
24/06/2022
Founded in 1858 and based in Orchies, Leroux, a historic European leader in the chicory market, has been acquired by Ghislain Lesaffre (former CEO of Chocmod), who becomes Chairman. Mr. Lesaffre was supported by Septentrion Finance during this acquisition.
With revenue exceeding €30 million in 2021, Leroux manufactures and sells chicory-based products in two main forms: packaged products for large retail chains (GMS) and bulk products for industrial clients. The company operates two production sites in the Hauts-de-France region, located in Orchies and Vieille-Église.
Mr. Lesaffre intends to revitalize the company through two strategic development axes: strengthening Leroux’s position in its historic market and entering new markets. He will be supported by Olivier Hermand, who remains the company’s CEO, forming an operational partnership. The two leaders plan a significant investment program aimed at helping Leroux achieve its goals and contribute to decarbonizing its industrial processes.
Beyond clear investment and growth objectives, this acquisition also ensures the preservation of the company’s entire workforce, which totals over 120 employees.
The change of ownership became effective on June 22, 2022.
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Buy-side advisors:
- M&A: Septentrion Finance (Damien Barenne, Rudy Sebbah)
- Legal: Alkyne Avocats (André Devaux, Claire Pouzenc)
- Due Diligences: KPMG (Clément Lefort, Margaux Chamarre)
Sell-side advisors:
- M&A: Cabinet Pansard (François Debecq) / Wikane (Sébastien Berghe)
- Legal: Bignon Lebray (Thomas Buffin, Félicien Hyest)