French food giant Bonduelle is in talks to form a consortium in an effort to acquire another giant, the Green Giant frozen and canned vegetable business owned by US company General Mills, according to Reuters.
Bonduelle apparently intends to team up with Centerview Partners, the private equity arm of investment bank Centerview, creating a consortium capable of competing against rival bidders for the business.
Back in March, Reuters reported that General Mills had hired investment bank Rothschild to look at the sale of Green Giant, which boasts annual revenue of around US$700m.
Green Giant manufactures over 160 different products, including steamed and canned vegetables and corn on the cob.
