The Soufflet Group

Last updated
Groupe Soufflet
Company typeSociété anonyme (a joint stock company under French law)
Industryactivities of head offices  OOjs UI icon edit-ltr-progressive.svg
Founded1900;124 years ago (1900)
Headquarters,
France
Key people
Michel Soufflet, Jean-Michel Soufflet, Laurence Soufflet
Revenue€4,61 Billion (2021) [1]
Number of employees
2,521 (in France) 7,041 (in 19 countries)
Website www.soufflet.com

Overview

The Soufflet Group is a French agro-industrial company specialising in agricultural raw material. [2] The group was family-owned from 1900 until its acquisition by Invivo Group in 2021. [3]

Contents

The Group primarily operated in the wheat and barley sectors in France, Europe, and Asia. It supported arable farmers with grain collection and cereal processing; advised on malting, cereal production and export, and assisted vine growers and winemakers. [4]

The OSIRIS Programme

In 2008, the Group participated in the OSIRIS programme, which focused on researching improvements in agricultural resources, animal nutrition, and generating biofuels. [5] The OSIRIS program also involved the Laboratory of Biochemistry at ESPCI-ParisTech and Maguin S.A.S., a French company in the ethanol production industry. [6] Over eight years, OSIRIS used a budget of €77 million, partly funded by Oséo, alongside four regional biotechnology research programmes: PRBR (Programmes de Recherche Biotechnologique Régionaux), the Champagne-Ardenne region, the department of Aube, and the town of Nogent-sur-Seine. [7]

Fields of business

The Soufflet Group had nine businesses:

Agriculture

France's top private collector of cereals and oil seeds, Soufflet Agriculture stores and markets farm production, and retails agricultural supplies in France and five other European countries.

Vine

Soufflet Vigne offers vine growers, winemakers, cooperatives and merchants a range of products and services, together with technical advice.

Trading

Trading wagon Soufflet Negoce-soufflet.jpg
Trading wagon Soufflet

The Group's Trading Division, Soufflet Négoce, has 4 trading offices and 4 port silos (in the Atlantic, the Channel and the Black Sea). It specialises in sourcing, transporting and exporting cereals, oilseeds and dairy products.

Milling

With 10 mills in France and Belgium, Moulins Soufflet prepares and markets flours for its different types of customers: traditional bakers, flour-using industries and major retailers. Moulins Soufflet also owns the Baguépi brand name.

Ingredients

Formulating tailor-made ingredients, AIT Ingredients offers solutions[ buzzword ] meeting the various problems its industrial customers face, mainly in the breadmaking sector. The company is developing in the European and African markets as well as in Russia, the Middle East and South America.

Malting

Malteries Soufflet is one of the world's main producers of kilned and roasted malt and caramels.

Maize processing

Specializing in the first conversion of maize, Costimex produces and markets worldwide maize hominies, grits, semolina and flour tailored to the various requirements of brewers and snack and breakfast cereal manufacturers.[ citation needed ]

Rice and pulses

An industrial company specialising in processing and packing rice and pulses, Soufflet Alimentaire, which has three plants in France, including one in partnership – offers more than 120 materials and 2,000 product lines for the industrial, ethnic, catering and retail markets.

Soufflet Alimentaire (the food division) develops as well as markets products that can be microwaved by end-users under its Vivien Paille brand name.

Biotechnology

In Solid State Fermentation (SSF), the Soufflet Group works in the field of biotechnologies applied to innovative biocatalysts from agricultural resources.

Its Caen-based Lyven subsidiary formulates and produces SSF enzyme solutions for the fruit processing, drinks, bakery, animal feed and biofuel sectors.

History

historic mill Soufflet Moulinsoufflet-historique-soufflet.jpg
historic mill Soufflet
Soufflet Headquarters Siege-soufflet.jpg
Soufflet Headquarters

Acquisition by InVivo Group

In December 2021, The Soufflet Group was acquired by the InVivo Group. [3] To help finance the acquisition, InVivo planned to sell a minority stake in Soufflet's malt division to KKR (KKR.N), Credit Agricole (CAGR.PA), and Bpifrance for 440 million euros. [8]

Related Research Articles

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References

  1. https://www.devex.com/organizations/soufflet-group-66432
  2. "Groupe Soufflet - Company Profile and News". Bloomberg.com. Retrieved 2023-01-04.
  3. 1 2 "InVivo completes the acquisition of Soufflet Group | InVivo". www.invivo-group.com. 2021-12-09. Retrieved 2024-02-24.
  4. "Groupe Soufflet SA | Encyclopedia.com". www.encyclopedia.com. Retrieved 2024-02-24.
  5. "EU gives nod to state aid for OSIRIS". Science|Business. Retrieved 2024-08-28.
  6. "Laboratoire de biochimie : OSIRIS: Development of droplet-based microfluidic platform for the high-throughput screening of industrial micro-organisms". www.lbc.espci.fr. Retrieved 2024-02-24.
  7. "EU gives nod to state aid for OSIRIS". Science|Business. Retrieved 2024-02-24.
  8. France’s InVivo aims to become top world malt producer after Soufflet takeover | Reuters