Dutch potato-products supplier Aviko has acquired full control of Spanish frozen-food manufacturer Eurofrits.
Aviko, which held 25% of the business, has bought the remaining 75% shareholding. Financial terms were not disclosed.
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The deal was announced by Aviko in a LinkedIn post, with the company saying the move “strengthens its position in snackables”.
Aviko CEO Maarten van Delst said: “Eurofrits has been a reliable and valued partner for many years. Its strong regional presence in Spain, combined with our scale and innovative power, enables us to serve customers across Europe more quickly and effectively.
“This acquisition marks the next step in our collaboration and in the continued development of our snackables assortment.”
Eurofrits has operated in the appetisers category since 1995. Its production site is in Burgos, with a sales office in Pozuelo de Alarcón, west of Madrid.
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By GlobalDataThe company supplies Spain and Portugal under its own brand, while part of its assortment is distributed exclusively by Aviko in other European markets.
Aviko and Eurofrits have worked together since 2009.
Eurofrits owner Daniel De La Pedraja Yllera said: “We look back with pride on our 17‑year collaboration with Aviko. Full integration creates new synergies and strengthens our joint proposition.
“With our modern production line in Burgos, Eurofrits is well positioned for further growth within the Aviko group.”
Aviko said the acquisition adds a “distinctive range” of snacks and plant-based products to its range.
Aviko, which is a part of agricultural cooperative Royal Cosun, added the deal aligns with its parent’s Unlock 30 strategy, part of which sees the company invest in “further portfolio growth and diversification”.
Cosun CEO Hans Meeuwis said: “With the proposed acquisition of the Spanish company Eurofrits, we are strengthening our leading position in value‑added products within the Aviko portfolio, an important growth area for Cosun. This aligns seamlessly with our international growth ambitions in delicious, nutritious and circular products.”
