Spain-based Mejorconpan has acquired local bakery business Rogelio Iglesias e Hijos for an undisclosed sum.

The deal includes full ownership of Rogelio Iglesias and its facilities located in the towns of Cangas, O Morrazo and Moana, all in the province of Pontevedra, and Rozabales in the parish of Aldán.

Through the deal, Mejorconpan will consolidate its presence in Pontevedra and that of its major brand Panatier. All 43 workers, both permanent and temporary staff, at Rogelio Iglesias will be retained, with Mejorconpan also expected to hire new workers as it expands the number of point of sale locations in the province. 

The Iglesias family owners have been in the process of selling the business for the past year with the corporate finance division of the Solventis financial group acting as adviser. The company generated a turnover of EUR3.6m (US$4.1m) in 2017 and profits of EUR113,559.

As well as artisan breads, Rogelio Iglesias also makes the traditional fried pasties empanadas and the filled fritas called canitas.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData