Abel+Schäfer exits the frozen patisserie business in France as it sold its shares in Florepi to the Navigator group.
Florepi, based in Guignicourt/Reims, was founded by Abel+Schäfer in 1998 and produces traditional French pastries such as éclairs, choux and tartlets for the frozen segment. With around 150 employees, the company generates annual sales of around EUR 27 million.
The focus of the Navigator Group from Düsseldorf is on majority holdings in small and medium-sized European companies.
Founded in 1892 as a mill, Abel + Schafer specializes in baking mixes, sold under the KOMPLET brand name. The group has subsidiaries across Europe and North America and operates in more than 70 countries.
Image: Florepi website