IMAP Albia Capital is advising Guzmán Gastronomía in the acquisition of a 75% stake in the Vitoria-based company Sáenz Horeca.
The acquisition of Sáenz-Horeca by the South-African multinational Bidcorp – the majority shareholder in Guzmán Gastronomía – will boost the growth of the group based at Mercabarna, which is expecting to see turnover reach €140m this year.
GUZMÁN GASTRONOMÍA is a distributor of high-quality fresh and processed gastronomical produce, with a presence in the foodservice sector at a national level. Bidcorp is a world leader in foodservice with a turnover of € 9,000m.
Sáenz-Horeca is a benchmark company in the supply of top-of-the-range meat for the restaurant trade. It has over one thousand customers across Spain and it sells over 3 million kilograms per year. Guzmán Gastronomía has acquired a majority stake in the business, which will continue to be run by its founder, Javier Sáenz.
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.