Major Spanish meat processor Grupo Vall Companys has struck a deal with Mexico’s Sigma Alimentos covering a clutch of assets in Spain.
The two-part deal agreement will see the Agroalimentaria Chico pig farm, recently purchased by Grupo Vall, transfer to Deporcyl, a venture between the two companies.
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In a statement, the companies said the move would mean Sigma secures higher-quality raw inputs and “strengthen” the traceability in its pork supply chain.
The tie-up will also see Grupo Vall take majority ownership of Sigma’s slaughterhouse and cutting facilities in Burgos.
Sigma Europa will remain a partner in that business with a 25% stake, the companies said. Under the terms of the transaction, Sigma will own and run a separate plant on the same site focusing on fresh-meat products.
The overall agreement awaits official submission and clearance from the National Markets and Competition Commission (CNMC), Spain’s competition watchdog.
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By GlobalDataThe deal allows Grupo Vall to prioritise livestock and slaughterhouse management, while Sigma can concentrate on producing and marketing fresh and processed meats for consumers.
Albert Morera, director of Grupo Vall’s pork division, said the move will help “maximise the strengths of both companies and improve operations throughout the pork value chain: from farm to fork, including the processing industry”.
Sigma manufactures and sells food such as meats, cheeses, yogurts, and various packaged chilled and frozen items. It operates 64 plants in 17 countries across four main areas: Europe, Mexico, US, and Latin America.
In Europe, Sigma markets products under brands including Campofrío, Navidul, Justin Bridou, Marcassou and Caroli. It produces and supplies goods in seven European countries and exports to more than 60 nations globally.
In June, Sigma subsidiary Campofrío invested €134m ($156.7m) in a new processed-meat plant in Spain. The new factory in Utiel will replace a facility 75 km east in Torrent close to the city of Valencia.
The Torrent plant, which employed over 300 workers, was “severely” damaged by a hurricane in October.
Grupo Vall, established in 1956, is a family-owned business.
The company took full control of fellow Spanish meat firm Embutidos Rodríguez in January 2023, followed by the purchase of a minority stake in Brazilian pork company Master Agroindustria in March of the same year.
In June 2022, Grupo Vall struck a deal to buy the majority of Spanish poultry firm Grupo Sada.
