cheese manufacturer based in Nantes France, has signed a memorandum of agreement signifying its intent to merge with fellow French dairy co-operative Valcrest.Agricole.net say that the merger will be subject to the approval of the two company's work councils and general assemblies.
"Through this merger plan, Eurial and Valcrest can re-inforce their position in added value goat's cheeses as well as regional specialty cheeses made from cow's milk," a statement jointly issued by both companies read.
Involving nearly 2,500 dairy farms in west France, Eurial employs about 1,900 people and recorded a turnover of €900 million last year. Valcrest, which operates cheese brands like Saint-Marcelin, the Saint-Félicien and Picodon, currently has 214 employees and €50 million worth of turnover.
