Morato Pane makes its second acquisition in Spain

The Italian group continues on the path of expansion in Europe, with the aim of concentrating its business on the bakery sector
Morato Pane makes its second acquisition in Spain

After the first acquisition, signed in 2020, of a Spanish company specialized in the production of packaged breads, the Italian group Morato Pane has taken another important step towards the consolidation of its role as a player in Spain. The Italian bakery company has in fact acquired from Cerealto-Siro a production plant in the north of Spain, in Briviesca.

The development of our business in Spain – says Stefano Maza, CEO of Morato Group is one of our strategic priorities in a very high-potential market, which today we already preside as a supplier of Mercadona for some product categories. The acquisition was made possible thanks to the participation of Italy’s Casalini Group, a leading industrial company with an important know-how in the bakery products market that will contribute substantially to the growth of Briviesca.”

With its 10 production lines on a 34,000 square meters plant, tha company based in Briviesca can produce various types of baked goods. Nowadays its turnover is around 35 million euros, bringing Morato Pane to a consolidated turnover of 65 million euros in Spain. This operation pursues the goal of developing at least 50% of the total turnover abroad, strengthening the Italian company in markets where it is already present. But above all, opening other opportunities in Europe.

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