Wendel is seeking to acquire bakery production line manufacturer Macetherm for €170 million, AltAssets reports. The French private equity firm has placed a bid to purchase the firm from arch rival Alpha.

Wendel will invest in the deal through its Oranje-Nassau Développement unit.
Macetherm comprises a workforce of nearly 300 employees, a research and development laboratory and three industrial sites in France.

Click here for the story from AltAssets.