The acquisition will allow Bridor, a subsidiary of the France-based Le Duff Group, to integrate Panamar’s industrial baking capabilities and distribution network across Spain and other European markets.
The acquisition marks a significant milestone in Valeo Foods Group’s long-term growth strategy, focused on acquiring market-leading, iconic local brands as part of its continued European expansion.
The move represents a significant step in the company’s international commercialization strategy, as it looks to position PEKILO as a viable, sustainable protein ingredient for food manufacturers across the United States.
The commitment underscores Mars Canada’s long-term confidence in the province as a strategic hub for its North American operations.
The fund is designed to make control investments in small- and lower-mid-cap companies across Africa, targeting what the firm describes as the continent’s largest and most undercapitalized segment.