Royal A-ware, the dairy organisation, has reached an agreement on the proposed merger with Grupo TGT, one of the largest cheese producers and cheese distributors in Spain and Portugal.
The two family-owned businesses are combining their expertise to further strengthen their position in the international cheese market and serve their customers even better. Following the transaction, Grupo TGT will continue to operate from Spain as an independent organisation within Royal A-ware, retaining its local expertise and trusted customer relationships. The merger will provide Royal A-ware with a stronger position in the Southern European dairy market, while Grupo TGT will be able to build on Royal A-ware’s international production capacity, innovative strength and supply chain integration.
Jan Anker, shareholder of Royal A-ware, commented: “[…] By joining forces, we are creating new opportunities for growth and can serve our customers even better with a wide range of cheese and dairy products”.
Teodoro Garcia, shareholder of Grupo TGT, added: “[…] Together, we can offer our customers even greater value and build a sustainable future for our company”.
The merger is subject to approval by the relevant authorities. Following approval, Teodoro Garcia will join the supervisory board of Royal A-ware.
Source: Royal A-ware / Grupo TGT
