You are Capital has advised Teresa Carles - Flax & Kale on the sale of an 80% stake in Healthy Food Solutions, its ready-meals subsidiary, to Montarto Foods, a newly established platform backed by Amixalan Business Group. The transaction marks the launch of an ambitious industrial consolidation project in the Iberian chilled ready-meals market.
The transaction represents a strategic milestone for all parties involved. For Montarto Foods, it is the company's first acquisition and the cornerstone of its strategy to build a leading Iberian platform focused on the production and distribution of fourth- and fifth-range chilled ready meals. At the same time, the transaction marks Amixalan Business Group's entry into the food industry, reinforcing its diversification strategy through the acquisition of a business with a strong market position and significant growth potential.
Through this acquisition, Montarto Foods adds a portfolio of well-established brands, including Socarraet, Casa Koji, Teresa's and Lola Cocina de la Abuela, all recognised names in the chilled ready-meals segment. The company aims to further expand their market presence by offering innovative, healthy and sustainable food solutions.
Headquartered in Fraga (Huesca, Spain), Healthy Food Solutions develops and manufactures chilled ready meals under its own brands as well as for private-label customers. The business became part of the Teresa Carles Flax & Kale group in 2022 following the acquisition of Tento's production facilities in Fraga and is expected to generate revenues of approximately €17 million in 2026.
The acquisition provides the foundation for Montarto Foods' buy-and-build strategy, with the ambition of creating a leading industrial group in the Iberian market. The company has secured an initial investment capacity of €10 million, expandable to €25 million, and expects to build a business generating approximately €60 million in annual revenues within the next five years through further acquisitions.
Following the transaction, Teresa Carles Flax & Kale will retain a 20% stake in Healthy Food Solutions, reflecting its confidence in the company's future growth prospects. The divestment will enable the group to accelerate its strategic focus on its fresh functional beverages division, a business segment offering strong growth opportunities across Europe.
Jordi Barri, CEO of Teresa Carles Flax & Kale, commented: "This significant divestment allows us to focus all our efforts on our fresh functional beverages division, where we see very promising growth prospects across Europe for the 2026–2030 period. At the same time, we are confident that Healthy Food Solutions has substantial growth potential alongside its new strategic partner."
Pere Mañé, CEO of Montarto Foods, added: "Our ambition is to build a leading industrial group combining manufacturing excellence, innovation and consumer proximity, while playing a key role in the consolidation of the Spanish ready-meals market."
Xabier Blanco, Chairman of Amixalan Business Group, highlighted the strategic importance of the investment: "This acquisition represents much more than an investment. It marks the beginning of a new chapter that broadens our horizons and reinforces our commitment to building strong, long-term businesses while continuing to promote diversification, job creation and sustainable growth."
In this transaction, You are Capital acted as financial advisor to Teresa Carles Flax & Kale, while Osborne Clarke provided legal advice. Montarto Foods was advised by Dextra Corporate Advisors, ILVSilver and Pedrosa Lagos.