PRESS RELEASE
Paris, July 15, 2025
PASTACORP (LUSTUCRU) ENTERS A NEW PHASE OF DEVELOPMENT WITH GENEO CAPITAL ENTREPRENEUR AND CO-INVESTORS SOCADIF AND C2AD
Pastacorp, historic player in durum wheat processing and parent company of Lustucru, opens a new chapter in its entrepreneurial history. Following a structured family transition, Antony and Bernard Cohen-Skalli become the Group's majority shareholders, accompanied by GENEO Capital Entrepreneur, via its GENEO Mezzanine fund, and two long-term co-investors from Crédit Agricole: SOCADIF and C2AD.
This operation will reorganize the company's capital around its operational management, perpetuate the company's family DNA and support the deployment of an ambitious industrial project based on value creation, innovation, sustainable performance and regional impact.
A multi-segment leader in responsible food
France's second-largest pasta manufacturer, Pastacorp is a leader in several complementary and growing segments: dry pasta, fresh pasta, couscous, semolina, gnocchi and quenelles.
Thanks to an integrated industrial organization - including a mill and three 100% French production sites - the group processes over 110,000 tonnes of French durum wheat a year. Its balanced presence across national brands, private labels, foodservice, B2B and ethnic channels reflects a robust, diversified business model deeply rooted in the French agricultural value chain.
The Group has already launched a number of concrete initiatives: innovative 100% paper packaging for the Lustucru range in supermarkets (Nutriscore A), an industrial modernization plan to improve material yields, and a logistics strategy aligned with emission reduction targets.
Pastacorp, which employs 400 people at four sites in France, represents 10% of the French supermarket pasta market (branded and private labels), and 30 % of couscous consumed in France, with a strong presence in out-of-home catering.
An industrial and responsible ambition built around 4 areas of impact
This new phase is structured around four operational priorities :
- Industrial performance and the fight against waste: modernization of the Rouen mill to improve efficiency (ODD 2 "Zero Hunger" objective) and recycle raw materials.
- Responsible sourcing: Increased focus on sustainable agricultural supply chains (Nat'Up, Soufflet), with local traceability and low-carbon commitments.
- Decarbonizing the durum wheat sector: contribution to the BLECARDUR program (Arvalis) to structure a decarbonized sector, in line with the Paris Agreement.
- Passing on know-how and professional integration: creation of an industrial school on the Ourscamp site to promote the sector's key trades and boost local employability.
The bonds issued as part of this operation are indexed to impact criteria aligned with the four priority objectives defined by Pastacorp.
"This family transition is a key step for Pastacorp. It will enable us to consolidate our industrial project over the long term, while remaining faithful to our mission: to produce in France, innovate in the service of better eating, and preserve local know-how. In GENEO, we've found a committed partner in line with our long-term vision.
Antony Cohen-Skalli, President of Pastacorp
"Our commitment alongside Pastacorp illustrates our vision of useful finance: supporting entrepreneurs in their industrial, human and environmental ambitions. We are proud to support a family business that combines territorial roots, productive know-how and a commitment to impact."
Mathilde Paoli, Partner at GENEO Capital Entrepreneur
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About Pastacorp
Pastacorp is a historic player in durum wheat processing in France, dating back to the end of the 19th century. The company has established itself as a benchmark player in the manufacture of pasta, couscous and quenelles, thanks to its high-performance industrial facilities and short distribution channels.
A family business run by Antony and Bernard Cohen-Skalli, Pastacorp relies on strong regional roots and mastery of its entire value chain. The group develops brands that are emblematic of France's food heritage, and pursues its mission of offering high-quality, accessible and responsible food. In 2024, Pastacorp recorded consolidated sales of 147 million euros.
About GENEO Mezzanine
GENEO Mezzanine is a vehicle launched by GENEO Capital Entrepreneur to offer positive finance to entrepreneurs. Its flexible approach is based on hybrid instruments (convertible bonds, bonds with redeemable equity warrants (OBSA), a mix of shares and bonds, etc.) that can be indexed to impact objectives. It supports the long-term transformation of French SMEs and ETIs, providing them with tailor-made support thanks to GENEO's Community of committed entrepreneurs, and GENEO's in-house team of Business Partners.
About the management company GENEO Capital Entrepreneur
GENEO Capital Entrepreneur's raison d'être is to provide the real economy with positive finance that reconciles performance and meaning.
Designed to unlock the value-creation, job-creation and impact-creation potential of SMEs and ETIs, GENEO Capital Entrepreneur has nearly 740 million euros under management. In particular, it manages the "evergreen" investment company GENEO Capital, whose capital is majority-owned by families and entrepreneurs. GENEO thus provides tailor-made capital that adapts to the pace of each company, offering responsiveness and flexibility.
As a business partner and mission-driven company, GENEO mobilizes all its teams, including specialized business partners (external growth, liability structuring, positive impact, digital and innovation), to support the execution of structuring, growth and transformation projects. It also boasts a platform of over 70 independent experts and a Community of more than 230 families and entrepreneurs, providing a unique opportunity to share experience and build a business network unmatched in France.
Passionate about those who make, create and want to move the lines, the only ambition of the GENEO team is to bring the ambition of each entrepreneur to the top.
At GENEOwhen we invest, we invest!
For further information : www.geneocapitalentrepreneur.com
https://www.linkedin.com/company/geneo-capital-entrepreneur
https://www.youtube.com/channel/UChZh_aqfqG-v9ANGWlLY2Tw
About SOCADIF
SOCADIF, a subsidiary of Crédit Agricole d'Ile-de-France, is active in the private equity and private debt markets, mainly in the Paris region. SOCADIF's mission is to provide long-term support to entrepreneurs in their transition and development projects, while remaining a minority shareholder in the companies it invests in. SOCADIF currently partners some fifty companies.
With its SCR status, SOCADIF offers a long-term partnership with the management team, with the capacity to invest equity over the long term and, if necessary, successively to support development. SOCADIF's teams work alongside management on strategic decisions, without interfering in the running of the company.
For further information: www.socadif.fr
Press contact: Dorothée Anquetil - 06 80 33 26 22 - dorothee.anquetil@ca-paris.fr
About C2AD
Crédit Agricole Alpes Développement (C2AD) is a private equity advisory firm and subsidiary of Crédit Agricole Sud Rhône Alpes and Crédit Agricole des Savoie.
C2AD is a company support structure for all types of equity transactions, and is involved in creation-innovation capital, development capital, buyout capital and shareholder reorganization through its two funds, CADS Développement and CASRA Capital.
C2AD covers five départements (Ardèche, Drôme, Isère, Savoie and Haute-Savoie) with offices in Grenoble and Annecy, and has assets under management of over €120 million.
Bien Commun Advisory for GENEO and Pastacorp:
Hugues de Tournemire - 06 67 07 22 33 - h.detournemire@bcadvisory.fr
Paul Sèbe - 07 81 04 94 92- p.sebe@bcadvisory.fr
