Spanish food company Grupo Alimentario Citrus (GAC) has extended its presence in Germany with the purchase of a ready-to-eat salad maker.
Valencia-based GAC said the acquisition of Thurländer marks one of the key business areas for the group, adding Germany has been a prime market for the company since it launched its “internationalisation strategy” in 2015 in the agricultural and children’s nutrition categories.
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Thurländer is based in the German town of the same name in the Saxony-Anhalt region where it has a production plant that supplies domestic retailers and also customers in Denmark and Austria. The firm generated a turnover of EUR45m (US$51.1m) last year and employs 300 people.
GAC said it would guarantee the workers’ jobs.
Rafael Boix, GAC’s general manager, said: “Germany is a market with great growth potential in the healthy-food sector. This operation is an extraordinary milestone for us, which makes us more competitive and reinforces our position as a company enabling us to carry on growing sustainably.”
Following the acquisition, for which the financial terms were not disclosed, GAC said it would have a total workforce of around 2,500 spread across seven plants.
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By GlobalDataThe Thurländer deal builds on GAC’s fresh produce capabilities after it bought up the remaining stake in Spanish vegetable grower Agromediterranea in May.
