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Fragadis and Lider Aliment, two licensees of the Spar retail brand in Spain, are set to merge operations in a move aimed at strengthening the brand’s national footprint.
Specifically, Fragadis, which is active in Catalonia and Valencia, has agreed to acquire Lider Aliment, the Spar licensee for Extremadura and Eastern Andalusia. The deal, which is still subject to regulatory approval, will create a combined network of over 420 Spar and Eurospar stores, supported by two 25,000 sq m logistics centres.
Post-acquisition, the unified business is expected to generate €700 million ($814 million) in annual turnover, operate 250,000 sq m of retail space and employ around 4,700 staff.
Spar Spain was founded in 1959 and became the first voluntary trading chain to be established in Spain when it was granted a license to trade under the brand by Spar International.
Source: Spar International
