FDBusiness.com

Grupo Palacios Consolidates Position in Spanish Provenance Foods

 Breaking News
  • European Commission Clears Nestlé’s Acquisition of NESTEA The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over the NESTEA business, in the European Economic Area except Spain, Portugal and Andorra, by Nestlé. NESTEA branded ready-to-drink tea business is currently operated by Beverage Partners Worldwide, a full-function joint venture between Nestlé and The Coca-Cola Company. The Commission concluded [...]...
  • Avian influenza – New Scientific Advice Boosts EU Preparedness Migratory wild birds crossing the north-eastern and eastern border of the European Union is the most likely pathway for avian influenza to enter the territory, says EFSA (European Food Safety Authority). Experts assessed the risk of avian influenza entering the EU and reviewed surveillance approaches – which comprise monitoring by Member States and the actions [...]...
  • Tough September Trading Hits British Restaurant, Pub and Bar Groups Britain’s managed pubs, bars and restaurants saw like-for-like sales decline 0.9% in September as the public appeared to pull back on spending on eating and drinking out, latest figures from the Coffer Peach Business Tracker reveal. Restaurants in London were worst hit, suffering a 3.2% fall in collective like-for-like sales compared to September last year. [...]...
  • High Shear Mixing Experts For processors that work with proteins, starches, gums, vitamins, and flavourings, the Rotosolver high shear mixer is a must-have. This workhorse makes light work of all types of ingredients and with thousands of installations around the world in food, beverage, dairy, condiments, and meat and poultry manufacturing facilities, Admix continues to set the global standard [...]...
  • Belvoir’s Bubbling With Joy This Christmas Belvoir Fruit Farms is getting into festive mood with a limited-edition Christmas label for their popular Elderflower Pressé. The jolly, holly covered label also features the brand’s iconic elderflower motif dressed to impress for Christmas in golden foil, bringing seasonal sparkle to the design, along with the cheerful seasonal message ‘Bubbling with Joy’. Belvoir’s Elderflower Pressé [...]...

Grupo Palacios Consolidates Position in Spanish Provenance Foods

Grupo Palacios Consolidates Position in Spanish Provenance Foods
November 17
09:25 2016

Grupo Empresarial Palacios Alimentación has completed two acquisitions which will strengthen its position as a leader in the Spanish provenance food sector. Firstly, the group is consolidating its leadership in chilled foods with the acquisition of Precocinados Fuentetaja. In addition, Palacios is reinforcing its international presence with the acquisition of Elore Holdings.

With these transactions, Palacios accomplishes a number of the objectives set out when The Carlyle Group acquired the company in March 2015 – (i) to accelerate the growth of the company organically and inorganically; (ii) to diversify the business with a more international presence and other ready-to-eat categories; (iii) to further strengthen its leadership in its key areas.

Fuentetaja is the leading manufacturer of chilled ready-to-eat Spanish Omelettes (Tortilla Española) through its own brand and also through private label products made for the major retailers in Spain, across Europe and America. The company has also presence in other categories such as chilled pizzas and ready to eat products and operates two production facilities in central Spain. Since its creation in 1993, sales have grown consistently, including an important international component. Palacios has acquired the entire capital of Fuentetaja from the founding Fuentetaja family.

palaciosgroupproductQuijote is the leading distributor of Spanish chorizo in North America. Based in Florida, the company manufactures and distributes its own branded products as well as imports and distributes Palacios branded chorizo through retailers, wholesalers and foodservice companies in the USA and Mexico.

Following the acquisitions of Fuentetaja and Quijote, Palacios will generate a turnover of more than €200 million, with more than 25% from international markets, and will have six production facilities in Spain and one in the USA. Its products will be present in more than 25 countries.

Pedro Dominguez, chief executive of Palacios, comments: “These acquisitions meet a number of our strategic objectives set when The Carlyle Group invested in our company. The integration of both companies consolidates our leadership in two of our specialties – chorizo and chilled Spanish tortillas, as well as increases our presence in other categories of ready-to-eat meals. In addition, they enhance our ability to serve an increasingly diverse customer base with the quality and safety that characterize Palacios product offering. We will continue to invest in innovation in the ready-to-eat categories to meet the adapting needs of our customers and the end-consumers.”

He adds: “Both Fuentetaja and Quijote will also increase our brand portfolio, through the leading brands in their respective markets, and increase our international presence, especially in North America, where there is a growing demand for quality Spanish provenance products.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 19, 2017PMA Fresh Summit 2017
  • October 21, 2017Food & Nutrition Conference & Expo 2017
  • October 22, 2017Serbotel
  • October 22, 2017Natexpo
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements