Spanish chocolate manufacturer Natra has agreed to acquire Bredabest, the Dutch company producing peanut butter and other peanut-based products.
Financial terms of the transaction were not disclosed.
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In a statement today (4 September), Natra’s private-equity owner CapVest said the deal aims to “create a powerhouse in sweet spreads and confectionery”.
The deal unites Bredabest’s expertise in peanut processing with Natra’s distribution network and international presence, “expanding” the Madrid-headquartered company’s portfolio.
CapVest, which acquired Natra in 2022, said the acquisition “strengthens product offerings, cross-selling opportunities, and supply chain integration”.
Bredabest’s acquisition also aligns with Natra’s global growth strategy, which has included investments such as the acquisition of Belgian chocolate producer Gudrun in September 2024.
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By GlobalDataArmando Santacesaria, CEO of Natra, said: “This exciting acquisition strengthens our ability to enhance our customer offering and accelerates our journey to becoming the preferred private label partner in snacking & indulgence.”
Bredabest, based in Raamsdonksveer, caters to retailers, fast-moving consumer goods companies, and emerging brands.
It operates two processing facilities with “significant” growth capacity and participates in both the organic and pure peanut butter markets, while also importing peanuts into Europe.
For Bredabest, the partnership with Natra presents an opportunity to leverage a “wider” international network and “additional” resources for growth.
The company will continue its operations at current facilities, retaining all employees.
Founders Pieter Stienen and Rainier van Rey, who have led the company as CEO and managing partner, respectively, will remain shareholders and active participants in the business.
Bredabest will also maintain its brand identity and operational practices, with its management team overseeing daily operations.
Stienen added: “Natra’s global scale and complementary portfolio will unlock new opportunities while safeguarding the values and customer focus that have underpinned Bredabest’s success.”
Completion of the deal is subject to conditions and receipt of regulatory approvals.
Natra is known for producing chocolate bars, pralines, tablets, and chocolate hazelnut spreads, which it distributes in over 90 countries.
The company employs over 1,400 people across seven production facilities located in Spain, Belgium, France, and Canada.
