Ebro Foods, S.A., through its French subsidiary Alimentation Sante, has acquired a 100% stake in the Companies Vegetalia, S.L. and Corporacio Alimentaria Satoki, S.L. (jointly, “Vegetalia”). The restaurants operated under the “Vegetalia” brand have remained outside of the transaction perimeter.
Vegetalia is a Company born in 1986 and dedicated to the development and distribution of a wide range of organic products. The Company was pioneer in the manufacture of vegetable proteins. It has more than 1.500 product references, covering fresh ecological food, dry ecological food, ecological drinks and dietetic food. Vegetalia had a turnover of 11,2 million Euros in 2016.
The Acquisition Price has reached 15 million Euros.
Thanks to this acquisition, Ebro Foods reinforces its position in the ecological food market and obtains an excellent addition to the business already carried out for the Group in France after the acquisition of Celnat. Additionally, the acquisition highlights again the interest of Grupo Ebro in investing in the Spanish food sector.
In this transaction, Eurohold has acted as buy-side financial advisor.
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Expansion, 20 de enero de 2017, p.5
Expansion, 20 de enero de 2017, p.9