Agri-food business Grupo Fuertes has confirmed it is to acquire Spain-based pork business Agropor.
Fuertes, which is located in the same Spanish city of Murcia as Agropor, told Just Food the deal has been struck by its livestock business Cefusa.
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While an agreement has been reached between Cefusa and Agropor, the transaction is subject to the approval of Spain’s antitrust regulator, the National Commission for Markets and Competition, Fuertes said.
Fuertes declined to share any further details connected with the acquisition, including the financial terms.
Agropor is based in Las Torres de Cotillas in Murcia, a city in south-eastern Spain. Founded in 1972, the company is engaged in pig farming and the supply of pork but also cultivates citrus fruits and cereal crops such as barley.
Headquartered in the Murcia region of Alhama de Murcia, Fuertes’ operations include pig and cow rearing, poultry and cheese processing, along with the production of mineral waters and wines. It also has business interests in real estate and petrochemicals.
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By GlobalDataIn January, it also emerged that Fuertes had lodged a takeover offer for local poultry peer Uvesa.
Ukraine’s MHP is also vying to acquire Uvesa. Both companies are major players in the poultry sector and MHP submitted a binding offer for the Spanish business in December.
“There is no new information,” a Fuertes’ spokesperson told Just Food when asked for an update on proceedings in the Uvesa bid.
Set up in 1964, Uvesa is a farm-to-fork operator headquartered in Tudela, Navarra. It produces fresh and frozen chicken, as well as marinated products, sausages, meatballs and charcuterie. The company also rears pigs to serve the food industry with fresh pork.
