Adam Foods

Vicky Foods, the Spanish food group, has signed an agreement with peer Adam Foods to acquire the bakery brand Panrico and its production center in Gulpilhares, Portugal. The acquisition includes a 50,000 sq m facility featuring three production lines with an annual capacity of 21,000 tonnes. According to Vicky Foods, the Panrico brand recorded a turnover exceeding €23.8 million ($25.75 million) in 2023 across the Spanish and Portuguese markets. The …

Adam Foods, the Spanish food group behind brands such as Cuetara and Artiach, has completed the acquisition of Biscoland, the biscuit division of the Moroccan conglomerate Holmarcom Group, for an undisclosed sum. The transaction includes the ownership of Biscoland’s industrial assets, most notably a 13,000 sq m production facility in Bouskoura, south of Casablanca. The plant, which was originally constructed in 2023, is expected to resume operations in 2026 after a …

Mexican bakery firm Grupo Bimbo has reached an agreement to sell the bread brands of Panrico and other assets in Portugal, Spain and Andorra, including production units, to Iberian food group Adam Foods, according to a report in Jornal De Negocios. The move is a result of a change to Bimbo’s previous acquisition agreement in relation to the Panrico business, which had excluded bread products in order to avoid anti-trust …