Spain: Paulig to invest €42 million in new snacks facility

Finland-based food company Paulig has announced plans to invest €42 million ($45 million) to construct a new facility in Spain to strengthen its presence in the Tex-Mex and snacking categories in Europe.

Founded in 1876, Paulig is described as a family-owned producer of coffee, snacks, plant-based products and spices, with operations in 13 countries. It has production facilities in Sweden, Estonia, UK, Spain and Belgium as well as Finland.

Commenting on the move, Paulig CEO Rolf Ladau said: “This investment marks an important step in the execution of our international growth strategy. It will further strengthen our position in the Tex Mex and snacking categories in Europe after the acquisition of the snacking company Liven in Spain in 2022. It will also increase the company’s innovation capabilities in these categories”.

“Snacking is currently one of the fastest growing categories within the food sector. We are firmly committed to accelerating profitable growth in this category over the long term, in collaboration with our trade partners”, he added.

Construction is expected to begin in 2025, and the plant is projected to be operational by 2026.

Source: Paulig