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August 17, 2022

Grupo Apex buys vegetable crisps maker Viube Foods

Apex says it wants to be a “benchmark” in the growing area of vegetable crisps.

By Dean Best

Grupo Apex has snapped up Spanish peer Viube Foods, a manufacturer of vegetable crisps.

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The acquisitive Apex wants to be a “benchmark” in vegetable crisps, a segment the company says has “great growth potential”.

Viube Foods, based in Girona in north-eastern Spain, markets snacks under its Mikso brand.

Without citing data, Apex said Mikso is “growing solidly thanks to [Viube Foods’] know-how and the brand’s excellent positioning”.

Financial terms were not disclosed.

The acquisition is Apex’s tenth since 2010. In the company’s 2021-2022 financial year, its turnover reached more than EUR100m (US$101.7m), up 22% on a year earlier. Apex said its turnover jumped 22% year-on-year.

Away from M&A, the company is expanding a factory in Zaragoza, a project that followed recent capex at sites in Navarra and León. The deal for Viube Foods gives Apex its seventh factory.

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Free Whitepaper
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Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

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