Cerealto, the international business of Spanish food firm Grupo Siro, has acquired a factory in Portugal from Mondelez International.

The agreement will see Cerealto continue the production of Mondelez’s biscuit output at the plant in Mem Martins. All jobs will be maintained and Cerealto will acquire all machinery and production lines.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Mondelez employs 92 staff at the plant and had indicated plans to close the facility in November.

In a statement, Cerealto said the deal represented a “milestone” for the company which was acquiring a manufacturing facility with a “highly qualified team and with cutting edge technologies, from a leading food company”.

Cerealto added the acquisition formed part of its international expansion strategy. This is the firm’s second factory in Portugal after the acquisition of the baby food manufacturing facility Nutriceal Foods from Danone in 2013.

At the end of last year it acquired a factory in Mexico from biscuit maker Marian.

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

The deal with Mondelez is expected to close by July 2016 and Cerealto will commence production on 1 August.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now