Ice creams and sorbets manufacturer L’Angélys has opened its capital to Bpifrance and Unigrains, new investors that have acquired a minority stake to support the company’s growth momentum. Bpifrance has also provided bank financing alongside Banque Tarneaud and LCL. With the support of Bpifrance and Unigrains, L’Angélys aims to expand to reach a new BtoC clientele through the development of proprietary and franchised shops. A first store is expected to open in spring 2021 near Royan, France.
Fontcouverte, France-based L’Angélys has sales of roughly EUR10m and employs 40 collaborators. Benefiting from the “Maître Artisan Glacier” label, L’Angélys products are available at over 16.000 points of sale and referenced by most French national distributors.
New ranges, new flavors and frozen festive products are launched every year. Smoked salmon and pan-fried foie gras ice creams hit the shelves last Christmas. Additionally, adapting to new consumer trends, L’Angélys launched an organic range and artisanal cones in April 2020, according to the company.
“My daughters and I are very happy with this partnership, which is in line with our development for several years. These new projects are made possible through our collaboration with Unigrains and Bpifrance, who share our values, quality approach, and the promotion of French savoir-faire. It represents a new phase for the future growth of our company and a strong message to all our employees and partners,” Denis Lavaud, founder of L’Angélys said.