Food M&A: Fiesta, Conservas Taboada and Agromusa
22/09/2015
Diego Gutiérrez
Food M&A: Fiesta, Conservas Taboada and Agromusa
According to Ascri, in 2015 investment in the food sector will grow in our country. We have made a post with the purchase of companies in the food sector made in the last two months in which we can see that foreign investors are interested in the food sector in Spain. Colombina, a Colombian company has acquired Taboada and Frutarom, an Israeli company, has bought Nutrafur.

 

Colombina acquires Fiesta for €16.8m

ColombinaThe Colombian company, an international benchmark in the confectionery, sweets and chocolates sector, has finally won out over the bids presented by Risi and the investment fund Indes and has bought the Spanish Partywhich was in insolvency proceedings.

Colombina has also committed to an industrial plan to increase sales of the 122% over the next three years.

A curiosity in this operation is the way in which the sale process has been carried out, which has been done through a "web application", a process that allows the evaluation of the offers without the intervention of third parties, nor of the bankruptcy administration itself.

Ian buys French cannery Taboada

The group Food IAN, a benchmark for canned vegetables in Spain and a pioneer in prepared dishes, has bought the cannery Taboada of Funes, with the aim of expanding the tomato business and extending its presence in France.

"This operation is part of the growth strategy that the company initiated after it was bought out by Portobello Capital a Viscofan last March," comments Diego Gutierrez of Abra-Invest.

Taboada has a varied range of products, among which tomato preserves and sauces, cooked vegetables and vegetables stand out, with a main market, that of food service -and the French collective catering sector.

Dcoop buys Agromusa

Dcoop has bought the 50% he was missing to get his hands on the Agromusa, which was in the hands of Moreno, a manufacturer of sauces and oils, which went into insolvency with dissolution.

Agromusa is dedicated to the manufacture of sauces and marketing of oils. The factory is currently at 30% of its total production capacity and in 2014 achieved a turnover of €10.8M.

Dcoop is the largest agri-food cooperative group in southern Spain, which in recent years has been involved in other operations, such as the sale of a number of companies. Deoleo of its marca Hojiblanca.

 

Frutarom purchases the 79% from Nutrafur

The Israeli multinational Frutarom has acquired a majority shareholding in the Spanish company Nutrafur, This is its tenth acquisition so far this year. 

Nutrafur specialises in the research and development, manufacture and marketing of natural plant extracts with antioxidant and health properties for the food, pharmaceutical, nutraceutical and cosmetic industries.

Frutarum is one of the world's ten largest companies in the flavourings and ingredients sector.

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