Spain’s leading bakery group Panrico has sold four of its domestic plants, the company said today (17 April).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Panrico said it has offloaded facilities in Madrid, Valladolid, Murcia and Cordova in an attempt to reduce debts.


The company sold the sites under a 25-year sale and leaseback contract to Mereit, an investment fund managed by UK-based Matrix Property Fund.


Private equity group Apax Partners bought Panrico, which owns 11 factories in Spain and Portugal, in 2005.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now