Spanish-based foods business Grupo Palacios has announced the acquisition of a majority stake in Rhokett, a chilled dessert supplier, for an undisclosed sum.
Founded in 2002, Rhokett offers a wide range of hand-finished cheesecakes and other desserts from three production facilities.
Grupo Palacios sells meat products, refrigerated pizzas, ready-made tortillas, prepared dishes, and desserts to more than 40 countries. The company has five production facilities in Spain and one in the US. The acquisition will allow Grupo Palacios to expand its footprint in the UK.
Commenting on the deal, Grupo Palacios CEO Pedro Domínguez said.”This acquisition is aligned with our strategic objectives and our ongoing M&A activity and will allow the Palacios Group to internationalise in one of our target markets, the United Kingdom, and will allow us to continue focusing and growing in desserts, one of our core businesses”.
Source: Just Food