Spain-based meat processor Grupo Vall Companys has closed a deal to buy 75% of local poultry firm Grupo Sada from Netherlands agri-food business Nutreco.
According to sources, Grupo Sada has a total of five plants in Spain and supplies poultry products to retailers and the foodservice sector.
Grupo Vall Companys’ processes and supplies fresh and frozen products, including chicken and turkey. The poultry division, has four slaughterhouses and five cutting rooms, with an annual production capacity of more than 115,000 tons and it has 45 operating units in Spain and Portugal. In 2020, the poultry category generated a turnover of €350 million ($365.1 million).
In a statement, Nutreco said: “The intention is to transfer control of Grupo Sada to Vall Companys Group. The transaction is subject to the CNMC’s authorisation. Until we have the CNMC’s final decision, no further comment will be made on the transaction”.
The terms of the transaction were not disclosed.
Source: Just food