FDBusiness.com

An 80% stake in L’Alsacienne de Pates Menageres (APM), the French manufacturer of ready-to-use dough for tarts, pizzas, cakes and cookies, has been sold to investment funds Capzanine and Cerea Capital for an undisclosed price. The Roposte family, who founded APM in 1994 and pioneered ready-to-use dough in France, have retained a 20% shareholding.

APM operates two production sites located in the Strasbourg region and has an annual output of 40,000 tons. APM had been expected to be acquired by Jowa, the Swiss bakery business owned by retailer Migros, late last year but the deal fell flat.