Baker Tilly has advised Valero Grup in a corporate transaction through which the investment holding Valero Bakes has taken control of Valero Forn Tradicional and Panificadora Valero, the companies through which the historic family bakery chain operates.
The transaction aims to strengthen the group’s presence in Catalonia and to support the company’s growth in the bakery and bakery product distribution sector, including bread, pastries, and confectionery.
Valero Grup currently operates a network of approximately 30 stores in the Vallès region and also engages in the distribution of frozen bread and bakery products.
Target: Valero Grup
Based in Sabadell (Barcelona), Valero Grup started operations in 1957 in the Can Puiggener neighborhood with a small store. Since then, the company has maintained a strong family tradition, spanning up to four generations involved in the business.
The group currently operates through the brands Valero Forn Tradicional, which encompasses its bakery network, and Antic Tradicional, focused on the distribution of par-baked and frozen bakery, pastry, and confectionery products.
In 2024, Valero Forn Tradicional and Panificadora Valero achieved a combined turnover of approximately €30 million, consolidating the group’s position within the food sector.
Additionally, the company has strengthened its market position by becoming a local supplier for Mercadona for certain bakery products.
Investor: Valero Bakes
Valero Bakes is the investment holding that has assumed control of the group’s companies, with the goal of driving growth and consolidating its presence in the Catalan market.
The holding’s board of directors is composed of a group of investors, led by Xavier Moragas Freixa as chairman, together with professionals from the business and financial sectors.
The shareholder structure also includes key business profiles from the Catalan ecosystem, with experience in industrial, hospitality, and services sectors.
Following the transaction, the founding family will remain involved in the daily management of the business, ensuring continuity of the entrepreneurial project.
Our M&A Advisory
At Baker Tilly, we have supported Valero Grup throughout the transaction process, providing specialized mergers and acquisitions (M&A) advisory.
Our team participated in the transaction analysis and provided strategic guidance throughout the process, helping to structure a deal aligned with the company’s growth and business continuity objectives.
This transaction reflects the dynamism of the food and specialized retail sectors, as well as investor interest in companies with strong territorial presence and established track records.
Our Global Experience
Baker Tilly has a dedicated M&A advisory practice, supporting family businesses, investors, and companies in corporate transactions, growth, and business restructuring processes.
We are part of a global network of independent professional services firms, present in over 140 territories, with more than 43,000 professionals and approximately 650 offices worldwide.
Our service offering includes advisory, consulting, audit, tax and legal services, accounting, HR, and management services, for both SMEs and multinational groups
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