Europastry increases its stake in Wenner
Europastry, one of the first companies to manufacture frozen dough for bakery products, continues with its international expansion, in this case by expanding its participation inn Wenner with the aim of reaffirming their commitment to US and thus consolidate its fifth place in the world in its sector.
Europastry already controlled 30% of the American company, which operates on the East Coast of the country (headquartered in New York) and which last year had a turnover of USD 115 million (around EUR 100 million).
In addition to the US, Europastry is building a plant in the Netherlands, in which it invested €10m in the initial phase, and will convert its Sant Joan Despi plant into an R&D centre for the company.
"As we commented in a post a few weeks ago, Europastry sold its retail division to Nazca Capitalwhich took over the bakery chains El Molí Vell, SantaGloria and L'Obrador" comments Diego Gutiérrez of Abra-Invest
Vall companys buys Naturiber and Industrias Jabugo
Vall companys se quiere convertir en uno de los actores principales en la industria del jamón a golpe de mergers and acquisitions.
Having established itself as one of the leading producers of ham made from white pigs, it is now focusing its efforts on Iberian ham by buying and selling the ham from the Iberian pigs.or Naturiber from Ibercaja and Jabugo Industries. Industrias Jabugo is a manufacturer of hams and shoulders located in El Repilado.
Naturiber, which until now was in the hands of Ibercaja, owns one of the largest facilities for curing Iberian ham.
"Vall Companys already bought another Ibercaja meat company last year, Jamcal Alimentación, based in Calamocha (Teruel), as part of the process of selling subsidiaries that the savings banks have been carrying out in recent years," says Diego Gutierrez.
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