Solina completes acquisition of Grama Aliment
11 Sep 2017 --- Solina, a European producer of savory ingredients for the food industry, has announced the completion of the acquisition of Grama Aliment from its management. Headquartered in Olot, Catalunya – Spain, Grama Aliment is a key player in the food ingredients market in Spain.
One of the founders, Mr. Ramon Antolin Carbonell will stay in the management of the company.
For Solina, the acquisition represents a new step in its external growth strategy in the European food industry.
Laurent Weber, the CEO of Solina Group, says: “Grama is a great company which has developed an impressive customer network and is known for its innovation capabilities in the meat business. It is led by an entrepreneurial team which has built an impressive portfolio of solutions and seasoning offers.”
“This deal allows Solina to further expand its network towards the South of Europe. We are committed to expanding across Europe through a build-up strategy in all major markets, and this acquisition perfectly fits our network of service centers across the continent and beyond. Customers of both groups will benefit from what will be the largest R&D and production network in Europe.”
“We are determined to remaining a highly innovative, service and customer-orientated, as well as an agile company. Being a larger size means that we will be able to make our procurement process more efficient, as well as offering unique growth opportunities for our preferred suppliers,” explains Weber.
Joaquim Vives, Solina Iberia Country Manager, declared: “Grama is a combination of talents and customers, all passionate about meat. Grama will be a platform offering all Solina services available in B2B, Food Service and Butchers markets in Spain for meat, prepared meals, snacks and sauces.”
The parties have agreed not to disclose the transaction value. Solina was advised by RSM while Grama Aliment was advised by Herrero Clusellas Advocats and TAX Economistes i Advocats.
