Spain: Grupo Apex to acquire Super-Mex Foods

Leading Spanish-based snack company Grupo Apex has announced the acquisition of Cadiz-based peer Chavez y Clark, trading as Supermex.

Supermex is a producer of tortilla chips, salsas, and seasonings, and is known for its use of the traditional Aztec nixtamalisation method of tortilla manufacture. It operates from a 1,300 sq m production facility, with an additional 1,000 sq mt of warehousing. The company has a workforce of 36 and reported revenue of €5.3 million ($6.1 million) for 2024, with forecasts for 2025 reaching €6 million ($6.96 million).

Commenting on the move, Grupo Apex CEO Santiago Sala said: “This acquisition fully reflects our strategy of sustained growth and portfolio diversification, leading development and value generation in the snacks sector. Our intention is to grow through an increasingly solid structure, investing in brands and products with high potential both in Spain and Europe”.

As a result of the acquisition, Grupo Apex will increases its manufacturing network to 13 plants and strengthening its presence in the south of Spain.

Financial terms of the deal were not disclosed.

Source: Abogados Consultores