Imperial Produtos Alimentares manufacturers embrace Jubileu
The non-public fairness homeowners of Portuguese chocolate manufacturing facility Imperial Produtos Alimentares have agreed to promote the enterprise to its confectionery counterpart Sweets Valor in Spain.
Vallis Sustainable Investments, the investor who has owned Imperial since 2015 and is predicated within the Portuguese metropolis of Porto, didn’t disclose the phrases of the transaction, which he mentioned represents the primary worldwide acquisition for Sweets Valor, an organization based in 1881 situated in Alicante, Spain.
Imperial was based in 1932 and provides a line of chocolate below manufacturers reminiscent of Jubileu, Regina, Pintarolas, and Allegro, together with vegan choices, no-added and reduced-sugar varieties.
Based mostly in Vila do Conde, Portugal, the corporate additionally exports to 50 nations within the areas of Europe, Africa, the Americas and Asia. It additionally gives contract manufacturing and personal label providers.
Eduardo Rocha, CEO of Vallis, mentioned the non-public fairness agency has invested 16 million euros ($ 19 million) in Imperial because it purchased the corporate, together with its amenities, and Sweets Valor is effectively positioned to proceed to develop.
The deal is topic to aggressive approvals.