Spanish bakery major Monbake buys foodservice supplier

Spanish frozen bakery concern Monbake Group has struck a woody to get section foodservice supplier Triticum.

Financial presumption were not disclosed.

Based successful Cabrera de Mar, adjacent Barcelona, Triticum manufactures and markets bakery products for the hospitality sector. The institution employs astir 60 radical and sells done a distributor web successful Spain and overseas.

Last year, Triticum generated a gross of much than €10m ($11.8m).

Monbake said it expects the acquisition to “strengthen its worth proposition successful the horeca channel”.

It added: “Triticum brings distinctive merchandise and innovation capabilities, arsenic good arsenic a dynamic and growth-oriented team, which volition beryllium further boosted by our diagnostic standard and strength.”

Under the agreement, Triticum volition proceed to run independently, retaining its absorption team. Founder Xevi Ramón volition instrumentality connected an advisory relation astatine Monbake, moving connected merchandise improvement and R&D alongside his relation astatine Triticum.

Ramón said: “Becoming portion of Monbake gives america the enactment and imaginativeness needed to look a caller signifier of growth, maintaining our individuality and expanding our marketplace impact.”

Monbake, which was acquired by Luxembourg-based private-equity steadfast CVC Capital Partners successful 2024, manufactures and sells frozen dough for bread, pastries and cakes.

The institution owns bakery brands specified arsenic Berlys and Bellsolá. It sells products into much than 30 countries, according to its website.

The bakery large employs much than 2,500 radical crossed 11 factories and 28 branches, moving with much than 100 distributors passim Spain.

Last July, Monbake appointed Borja Lomba Sorrondegui arsenic its caller CEO, replacing Aurelio Antuna, who had led the concern since 2018.

"Spanish bakery large Monbake buys foodservice supplier" was primitively created and published by Just Food, a GlobalData owned brand.

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