Investment company Ardian has announced the acquisition of Berlys and Bellsolà, companies specialized in the production and distribution of bread, bakery, pastry products and savory snacks.
The new group aims to broaden its reach and will have 11 production plants, combined revenues of c. EUR300m, more than 1,700 employees and a footprint in 30 countries.
The businesses of Berlys – which has been controlled by the funds Alantra and Artà Capital so far – and Bellsolà are highly complementary, especially in terms of products portfolio and technology, according to a press release.
The resulting company will be led by Berlys’ Chairman Julio Muñoz, as chairman, and by Bosco Fonts, general manager of Bellsolà, as CEO. The group will keep its current product portfolio and brands, maintaining the same operating structure in order to ensure product continuity.
Ardian, the independent private investment company specialized in transformational growth strategies, has played a double role in the operation of the new businesses, providing both the financial resources and the strategic support to make it possible. Landon Group Corporativo, majority shareholder of Bellsolà until the acquisition, will also be part of the project.
Philippe Poletti, Head of Ardian Mid Cap Buyout, concluded: “We are very satisfied with this project of growth and transformation, led by an experienced management team. Supporting transformation projects is in the DNA of Ardian”. Gonzalo Fernández-Albiñana, managing director of Ardian in Spain, and advisor of Ardian France added: “In this case, we have detected an excellent opportunity to consolidate a competitive company willing to grow and innovate. The priority for Ardian is to guarantee the continuity in the success that both projects had so far, and that the combination of both companies benefits their clients, thanks to better service, more innovation capacities, and a broader offer”.
“After our continuous growth over the past few years both in terms of sales and profitability, the combination with Bellsolà will allow us to consolidate our position in the market thanks to an increased production capacity, the expansion of our commercial reach and the increase of our innovation potential” Julio Muñoz, Chairman of Berlys said.
“The combination with Berlys is an important step for us which acknowledges the work done by our company over the past few years, and will allow to improve our services and boost our business while we maintain our willingness to grow and the constant search for the best possible answer to our customers, assured Bosco Fonts, General Manager of Bellsolà.
This transaction is pending on approval by Spanish authorities and is expected to finalize by the end of the first quarter of 2018.