Turnover: 239.4 million EUR (2022)

Country: France

Family-owned agri-food company producing grocery products, frozen ready meals, delicatessen and pastry products, bakery products

1500 employees

News

Terrena: Terrena cooperative to take over Tipiak 30/10/2023

  • The Terrena cooperative group is in exclusive negotiations to acquire Tipiak.
  • Terrena is expected to acquire 77.95% of Tipiak's capital.
  • The total value of Tipiak is 80.4 million euros.
  • Tipiak posted sales of 239.4 million euros last year, an increase of 13.4%.
  • Tipiak employs 1,500 people in 7 plants in France.
  • Terrena achieved sales of 5.4 billion euros in 2022, up 8%.
  • Terrena has 20,117 member farms and 12,366 employees.

Tipiak to be taken over by the Terrena group 28/10/2023

  • Tipiak is 70% owned by the Billard and Groult founding families, with 4% held in treasury.
  • Tipiak has been listed on the secondary market of Euronext Paris since 1988.
  • Tipiak employs 1,500 people and operates seven industrial sites in France.
  • Tipiak's market capitalization has risen to over €60 million, compared with €49 million at December 30, 2022.
  • Tipiak's sales for fiscal year 2022 increased by 13.4% to 239.4 million euros.
  • Tipiak's foreign sales accounted for 25% of sales, up 43.8%.
  • Sales in the refrigeration division, which accounted for 65% of sales, rose by 17%.
  • Sales in the dry sector, which account for 35% of sales, rose by 7.4%.
  • Tipiak's consolidated net income in 2022 is 4.1 million euros, up 2.5%.

Tipiak up for sale? 08/10/2023

  • Tipiak is 70% owned by the Billard and Groult founding families
  • Tipiak has been listed on the Second Marché of Euronext Paris since 1988
  • Its capitalization has risen to over €60 million, compared with €49 million at December 30, 2022
  • Tipiak's fiscal year 2022 closed with sales up 13.4% to €239.4 million (of which 71% under the Tipiak brand)
  • International sales accounted for 25% of sales (with growth of 43.8%)
  • Sales in the cold sector account for 65% of total sales (with growth of 17%), and sales in the dry sector for 35% (with growth of 7.4%)
  • Tipiak employs 1,500 people and operates seven industrial sites in France.