Cerealto Siro Foods has reached a sale agreement for the factory of Paterna (Valencia, Spain) with Bakery Iberian Investments, Bimbo Group subsidiary.
The new company would be constituted as an independent business within the Bimbo Group and would assume the production that Cerealto Siro Foods has carried out in the plant thus far. The factory is dedicated to the production of bread and salted pastries for Mercadona under the brand Hacendado.
Cerealto Siro Foods continues in the negotiation process to close the sale of the rest of the bread business, specifically the factory of Antequera (Málaga), and of the pastries business, in particular of the Briviesca, Medina (Castilla y León), and Navarrés (Comunidad Valenciana) factories.
Cerealto Siro Foods, born from the merger of Siro and Cerealto, is a multinational company that manufactures cereal-based food products, supplying clients from the Retail and B2B sectors, with a high degree of innovation and a high potential for development in multiple markets.