Portobello buys Iberia frozen foods

Iberica frozen is one of the leaders in frozen seafood products, being the third largest operator in the sector in Spain and the first worldwide in the capture and production of frozen hake on board.

The firm owns processing plants in Argentina and Namibia. In Galicia, it also has a wide network of retail shops and a stake in two meat processing companies.

Portobello Capital has seen in Ibérica congelados a sector with great opportunities for consolidation and growth, both in the area of fishing and marketing, within the world of food in which fish protein is growing very significantly thanks to consumption trends and its nutritional quality.

"In June Portobello sold en bloc all its investees except those acquired in 2014, including the canning company IAN, to a secondary fund led by HarbourVest, among the companies sold were two in the food sector, Angulas Aguinaga and Ice Cream Factory Comaker," says Diego Gutierrez of Portobello. Abra-Invest.

Nutrition & Santé buys Bicentury

The company Nutrition & Healthmanufacturer of Biomanan among other food brands, has bought the company Bicentury, which is headquartered in Barcelona.

Nutrition & Santé, owned by the Japanese giant Otsukawill take over the Bicentury brands and a factory located in Quart (Gironès) where 233 employees work.

The purchase of the Catalan brand will allow Nutrition & Santé to add new technologies to its industrial expertise, and the Quart plant will now produce for all Nutrition & Santé subsidiaries in Europe.

"Our goal is to work with the Bicentury team to accelerate the growth of the brand and develop the production plant," revealed Nutrition&Santé CEO Didier Suberbielle.

For his part, Joan Cornudella, CEO of Agrolimen, expressed his conviction that Nutrition&Sante, together with Bicentury's management team, will continue to develop Bicentury's potential and turn it into a bigger and better company.

Food Mesenger bought by a German group

Food Mesengerthe Malaga-based company that allows you to enjoy the food of your favourite restaurant at home has been bought by La Nevera roja, which had previously been bought by the German giant Rocket Internet.

"The German giant also acquired Delivery Hero's 30%, for which it paid $586M, and Italy's Pizzabo. In addition, it reportedly bought stakes in seven companies related to online food delivery in Asia. And it injected 130M into its subsidiary Hellofresh (dedicated to the delivery of fresh produce and supermarket products), raising its stake to 52% of the capital. In total, Rocket Internet has invested around $700 million in these companies. acquisitionsHemerotek reported, making the online food business one of its key growth areas," said Diego Gutierrez of Abra-Invest.

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