CS Corporate Advisors has advised Fragadis in the purchase of the Group of Supermarkets Salinas.
Fragadis, incorporated in 1959 and headquartered in La Canonja (Tarragonés), is a retail distribution group operating under the brands of Spar, Eurospar and Fragadis. Associated to the group Euromadi, it accounts for a network of 140 supermarkets located mainly in the Tarragona area but also in Barcelona and Castellón.
For the year 2017, Fragadis registered sales of €170 million, what represented an 8% increase over the previous year, in which it reached €157 million in sales and net profit of €4,4 million.
Grupo Salinas, headquartered in Binéfar, is an independent supermarket chain with nine establishments under the Salinas brand. The supermarkets are located around the Huesca and Lleida areas.
The acquisition of Salinas is part of Fragadis’ growth strategy for the surrounding areas, based on the acquisition of already present distribution stores.
